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All Forum Posts by: Bob Willis

Bob Willis has started 25 posts and replied 228 times.

Post: STR without TVs ???

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

I once rented a STR in Vancouver. We did not realize when we rented it that it had no TVs. Unfortunately when we arrived both my wife and I got very sick with the flu. Our entire three day stay was in the STR with no TV. It sucked. Unless you are in Tulum (or some equally exotic place) you should have TVs.

Post: What Are People's Biggest Hold-Ups?

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

Tim Farris posted this today, I think it's apropos.
“The most difficult thing is the decision to act. The rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process, is its own reward.”​— Amelia Earhart

Post: Could this be viewed as..

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

I am curious - do you need cause to not renew a lease with someone once their term is up? Is retaliation a thing in this instance? Isn't it simply no-fault once the lease is complete?

Post: Egress window seller concession vs asking seller

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140
Quote from @Roman Puzey:
Quote from @Bob Willis:

Did you go under contract assuming the downstairs bedrooms were conforming? Was it not disclosed in the listing that the bedrooms were non-conforming?

It was disclosed in the listing that the bedrooms were non-conforming
If it was disclosed I don’t think you have any leverage here in asking for concessions.

Post: Egress window seller concession vs asking seller

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

Did you go under contract assuming the downstairs bedrooms were conforming? Was it not disclosed in the listing that the bedrooms were non-conforming?

Post: Underwriting Multifamily excel for newbie

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

Look under the Tools menu at the top of the page - https://www.biggerpockets.com/...

Something like that?

Post: 401K transfer to borrow help

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140
Quote from @Maria Muniz:

Does anyone know what type of account you can transfer your 401k to, and then borrow from it/ pull from it? Without any penalties? I know I heard it’s possible, I just can’t seem to find out the right way to go about it. I tried calling fidelity and it wasn’t any help.


Are you still working for the company you had the 401k with? If you still work there you can borrow against the 401k up to certain limits. If you no longer work at the company where you had the 401k and want to access that money to continue investing you can do that. I moved my old 401k to a self directed IRA using this company. https://www.vantageiras.com/ You can then uses this self directed IRA for approved investments (cannot be used for personal use, like buying a house for yourself or family, etc, that company can help with those questions). Good luck. 

Post: anyone tried combining STR with Turo

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

I'm not saying I'd leave it sitting in the driveway. I'm asking if anyone has tried this. Maybe you could offer a discount on the car to someone who stays with you AND rents the car. Just wondering if it has been done and if so any successful strategies,

Post: PICKLE BALL COURT

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

I like the idea but I think the noise would be problematic (as others have mentioned). I live about 1/4 mile from a rec center with about 30 pickle ball courts. When I am up early in the morning (6 AM) and go outside I can hear the play while in my front yard (no noise at all in the house). I can hear nothing during the later hours of the day because the ambient noise level is much louder. But I could see living directly adjacent to a court being a problem. Also, sounds like cost is an issue from some of the posts.

Post: anyone tried combining STR with Turo

Bob Willis
Posted
  • Investor
  • Curtis, NE
  • Posts 231
  • Votes 140

Hey All - just wondered if anyone here has tried adding a car to lease as an option with their STR. I have been looking at Turo, but know there are others. Just wondering if anyone has tried this and what success, if any, they have had.