All Forum Posts by: Antonio DeFlorio
Antonio DeFlorio has started 3 posts and replied 28 times.
Post: Insurance needs for flips

- Mio, MI
- Posts 28
- Votes 15
I like REIGuard. Coverage on a monthly basis, competitively priced, and very easy to work with.
Post: Accountant- Local? Non-local?

- Mio, MI
- Posts 28
- Votes 15
I prefer not to use professional services in the same town I reside or do much business in whenever possible. Sometimes people talk to much. I do like to see them face to face, so I prefer a few towns over.
Post: I thought I was done with rookie mistakes

- Mio, MI
- Posts 28
- Votes 15
Sorry to hear your troubles. Having put entirely new mechanical in a house, I would rather level the house and start over. Walk away and go by a house north in Fallston, Bel Air, Abingdon.
Post: Ordered kitchen from Home Depot, now they won't install.

- Mio, MI
- Posts 28
- Votes 15
I wish her the best of luck. Home Depot installs are a complete joke. I waited 2+ months for a carpet install; bad dye lot so rooms didn't match, forgot to reorder, on back order, left gaps in stairs, etc. I finally got a refund right before I was having postcards printed off with pics of their "craftsmanship" that I was paying some kids to blanket the parking lot cars with. Another friend had the installers steal his new pad for an entire house by reusing his old pad, after an awkward conversation where they called and asked if it was his residence or a rental. They sent the same installers to redo the job, which he stopped at the door. HD hide behind the fact the installers don't work for them, yet the installers only install for HD. I could go on and on.
Don't have any advice, other than a warning to everyone to be extremely cautious when using their "installers".
Post: Can you be a renter of the property your LLC owns?

- Mio, MI
- Posts 28
- Votes 15
Does your current residence have a lien/mortgage? That will make Putting it in an LLC challenging, if not impossible.
Post: Anyone from Baltimore MD to advise on the area?

- Mio, MI
- Posts 28
- Votes 15
I just moved from Maryland. Worked in Baltimore, lived 25 miles north in Fallston. Not to beat a dead horse, but it is an extreme area from one spot to the next. One street could be beautiful, newer homes and high end apartments on the Inner Harbor but a block over I wouldn't get out of my car. Housing prices are insane there, so realize the people who rent in those areas probably do so because they can't afford the down payment for a $300k-$1m home elsewhere.
Not to sound snobbish, but I wouldn't live anywhere not in a bare minimum of the $300s if I was within 50 miles of B'more. And that may not break 1800 sq ft. You also couldn't support a small family on less than $100k salary anywhere decent.
On a side note, town homes there are very popular. If you could purchase one at a good price in a nice area, you could worry less about the exterior maintenance (HOA) being out of state.
Post: My experience with Memphis invest - $3900 repair tenant turnover

- Mio, MI
- Posts 28
- Votes 15
I don't really dabble in rentals, but I hope someone is going after tenants for some of that. $1200 interior and $500 for bedrooms. If the carpet was new prior, it shouldn't have been trashed after 17months, if it's just at the end of its life you may want to start budgeting that in. Carpet seems to only last 4-5 years or 2 tenant cycles on rentals.
Post: Home inspector messed up, possible insurance claim?

- Mio, MI
- Posts 28
- Votes 15
$25k does seem high for a chimney. Obviously region and actual design come into play, but I've looked at many homes in northern Michigan of which most have wood burning stoves or fire places. If chimney's were $25k, that would often be 15-25% of the homes value. Not undermining what anyone has posted, but I'd be getting 3-5 opinions for a $25k expense.
Post: Fix or replace a fridge

- Mio, MI
- Posts 28
- Votes 15
Personally I would not do stainless. Too hard to keep clean, and I've even seen some lower end stainless surface rust from magnets (kid's artwork). My wife doesn't like it, and prefers black.
Ice makers in the door are terrible, or I just have bad luck. They always seem to not work very long for me.
Post: Mortgage cash flip within 1 year of purchase

- Mio, MI
- Posts 28
- Votes 15
@Terry Warren I think I have to colleague request you first. Request sent.
@Harjeet Bhatti Can you cite somewhere it says six months? I might be able to work with that, a year and I will move on. I keep getting quoted a year before they will mortgage off an appraisal.