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All Forum Posts by: Andre Taylor

Andre Taylor has started 16 posts and replied 213 times.

Post: Looking for St Louis, MO Contractors

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

I agree with @Brian Nichols joined those two groups he recommended and see who other investors recommend and if contractors reach out to you ask for referrals. I have no problem sharing my guys info. If there is a specific trade you need just let me know.

Post: Taking over a tenant occupied rental

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

If the lease is a not a month to month.. you have to honor the lease unless they agreed to cancel the lease in place and re-sign with you and I agreed with the other investor.... make sure you vet them out if they are bad tenants do a cash for keys ..if they are good tenants then just let the lease play out and then at renewal have them sign your new lease

Post: looking for some advice

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

If you refi you will go into a conventional and your interest rate will be a little higher. Now keep in mind you can go and get another quad flex using FHA again and put 5% down which will help you not dipped to much into your savings.

Post: HELOC/LOC question on Investment Property

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

Hey Ben congrats on the property... what type of banks did you talk too? Im sure if you go to talk to some local banks they would a variety of options for you to go about this...wether you have the property in an LLC or not. Local banks are more investor friendly. I know some banks commercial dept are still playing it safe since commercial got hit much harder due to covid.

Post: Leaking basement on a historic duplex in St. Louis

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

Dang ole Stone foundation... either you putting a sump pump with a trench or excavating the outside to put a barrier. Im about to do my 3rd sump pump and trench on a 3rd multi family I own in south city.. crazy

Post: Looking for Your REI friendly CPA - Metro East Saint Louis

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

You can call my Accountant Meshelle Patterson with Tracking your Green LLC 314-643-7955

Post: Looking for Experienced Framer

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

Looking for an experienced Framer in STL area. I am starting on a gut rehab project.  @Peter MacKercher you have anybody reliable? 

Post: Commercial Lender Recommendation

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

Looking to go into commercial properties next year.... want to buy 16, 20 or 30 units. Any recommendation on commercial lenders to talk too?  Also any advice of what things to think about going from residential to commercial?

Post: Saint Louis (City) - need recommendations for plumber / handyman

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

Jason Smith with Pipe it Down Plumbing! Very Reliable and do not take any payments until you/inspector are satisfy.  He is my plumber amongst all of my 16 doors and my Agent and her husband whom own 100 doors use him as well 314-819-3807

Post: Home warranty on rental property worth the cost?

Andre Taylor
Posted
  • Rental Property Investor
  • Chicago, IL
  • Posts 219
  • Votes 180

I agree with alot of the reviews from some of the other investors. I used them for years and I used two different companies and they are always trying to undercut you on a repair. For instance I had a dryer that went out and it the tech said it need to be replaced.. they authorized me $275 for a replacement. There is no where you can get a brand new dryer for $275 and I had to dispute for them to come up more. Plus when you have multiple properties and you look at the yearly cost it makes no financial sense to have them where you can pocket that money in your Capex account. Build a good team of contractors that can jump on to issues right away for you and you will be better off as it takes them forever to find a contractor and that is because alot of contractors dont like signing up with these warranty companies because they dont try to pay or they take long paying them out.

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