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All Forum Posts by: Bryan Richardson

Bryan Richardson has started 15 posts and replied 183 times.

Post: Tools you use daily/monthly

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Joel Ray Cotton

Just buy quality tools. No one likes a screwdriver that strips out first time

Post: What to/not Buy At The Big Box Stores?

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Tariq B.

We do a supply store for our flooring. They seem to be a hair cheaper. Plus they are alittle more "hungry" can usually get installed same week.

Also our hvac system comes from a supplier. But that's just because our installer has alittle bit of a hook up.

Post: Looking for Indianapolis Electricians

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Jaron Walling

Dm sent

Post: Install drywall but electrical wires

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Sai T.

Ok I see what you did now. Well obviously you can drill holes for the wires, but I would be nervous to drill such a big hole for the ductwork.

Post: Install drywall but electrical wires

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Sai T.

I'm guessing your in a basement?

I would say just get some kind of drop ceiling system.

Post: Looking for smaller bank referrals for commercial lending

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Richard Olshove

Honestly, you should have a easy time find a loan. I've called about 20 places now. Out of those I would say 75% said they would have no problem leading as long as the house was over 100k.

Is the house in your name or a llc? Some banks have a problem with a business entity.

Post: Looking for smaller bank referrals for commercial lending

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Richard Olshove

I have been on the hunt for the last week. If your house is worth more the 75k, you shouldn't have a problem. At the moment I'm trying to get a cash out refi for a house worth 45k. I am struggling!

Post: Is land a Good Investment?

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Rowen Burney

As long as you have a plan on what to do with it. I wouldn't buy it just to have it though.

Post: 1031 Exchange an inherited property

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Ross Dolbec

How long have you had the property? If you just got it, you should be fine. Also you dont pay capital gains on on a primary residence either. Which this sounds like it is.

With that said I am not a cpa, this is just what I have read In books.

Post: 1031 Exchange an inherited property

Bryan RichardsonPosted
  • Rental Property Investor
  • Indianapolis, IN
  • Posts 189
  • Votes 141

@Ross Dolbec

I agree with @Christopher Smith. Just sell it, you wont have to pay capital gains or any kind of taxes. You can then just go buy what ever kind of investment you want.