All Forum Posts by: Bryce Hammill

 When we replaced the stove the first time, PM said it would be with a new one. Now it turns our they used a refurbished one and it had a 30 day warranty. Learning lesson there for myself. 

Oven is the issue. Apparently it turns off half way during use. Burners have no issues. 

I was looking for some guidance on a stove replacement.  This is in our first out of state duplex. We replaced a stove in one unit as it quit working. (Inspection photos from purchase shows the stove was 5 years old.) This was in December of 22. Now the PM company is saying the tenants stove turns off half way during use. I feel like replacing the stove after 6 months is a little unreasonable. What do you think would be the best way to resolve this problem? Send a repairman to check it out? Just feel like tenant is taking advantage of us recently. 

Money and fear would be my guess. Lots of people want to but are to scared to actually take the first step. They just keep saying next year, and the years pass. 

As far as funds, I feel like people would rather pay for a 6 dollar coffee then delay gratification. Another thing is I feel most people don't have finical literacy. They don't teach anything like this or see it when growing up. 

Id rather keep my cash, incase a unicorn deal comes along and I need funds. If it doesn't cash flow unless I pay all cash for it, its probably a deal I don't want. 

Interest isn't as big of a concern to me. If the deal cashflows at a high interest rate that's good. Means it will cashflow great when rates go down. 

@Lindsey Johnson Thank you very much for the insight! Let the work begin. 

Post the link to the calculator. That will be easier for everyone to take a look at it and give you feedback. 

Wondering what everyone does between deals to keep yourself sharp? Recently completed my second deal. Need to build up a down for my third deal now. I know it will probably be 8 months to a year, before I'm ready for my next deal. I am still look potential deals all the time, but cant capitalize on any good ones. I feel like I'm missing out, but don't want to over leverage myself either. 

Seems like a great first deal. Curious on how you got 3.25%? 

What about trying to find a new PM company? You're still going to have to put out fires here and there. Maybe you want to not deal with things and be very passive. Look into syndications deals. 

There isn't really a correct answer. Just depends on what direction you want to go. 

Few small items that come to mine. Are all utilities separate or are you paying for certain items. Water, trash, etc. Also are any gardeners pest control needed? 

These are just a few small costs that add up and are easily to forget about.