All Forum Posts by: Dell J.

Sorry to hear.  How are you advertising it?  have you tried the st croix facebook group?

IM reading some of your old post. I see you paid someone 41K to learn about real estate investing.   Is that the same mentor that lead you into this situation?

Sorry to hear.  How is your mentor taking advantage of you? I hope your not paying him.   

it sounds like you needed to do more due dillegence.  But you are here now, so you may have to pay the extra for the licensed contractor and see this as a learning experience.

Did you just buy this property? The seller should have disclosed that a tenant is not paying.

What is the reasoning behind this question?  there may be electrical issues that are cheap and some that are expensive.  There may be heating issues that are cheap and some that are expensive.   Every property will have different needs and the the inspection report will reflect that.

My first investment property was a single family and I would not buy one again.    Although I am greatful for it as it allowed me to get a start, I feel like I would have been better off if the first was a multi.

The mortgage requirements are the same for the SFH and the 4 unit. I would say go for the 4 unit as long as the numbers make sense. I dont see why you would pass on a good deal just because you want to start with a single family.

would you be using a property manager? Are the utilities separate? 

I would say no.  I feel like alot of people asking for mentors think they can sit back and have someone spoon feed them success.  I would say go as far as you can on your own and when you get stuck then seek assistance.

good health, asset appreciation, and good friend and family

Does the lease say it is the tenants responsibility or not? you said it is then you said your checking the lease. I would just talk to him.  He has done it before its probally not a big deal to do it again