All Forum Posts by: Chad Lamb

That is a definite example of "value add" to me, are you a syndicator? 

Hey all, sorry about this clickbait title but I have been looking through quite a few syndications deals to passively invest in. I'm new to this and I'm trying to understand the risks. To me, when you say "value add" I imaging adding value to the renter. To me, this means adding a gym/or updating it, in unit washer/dryer, updating pool, BBQ pit, etc. What I see more of is semi updating, adding a back splash, changing from white to black appliances, updating a leasing office. Things I personally would not pay extra for, but I tend to be more frugal. 

 At this point in the cycle I'm really trying to understand the risk that the appreciating multifamily market has hidden. Any insights or opinions on this "value add" component would be greatly appreciated. 

Thanks! 

Thanks Bill(s) I will definitely try that! 

Hello, 

I'm looking to add a 3rd bedroom to a house in the basement. I'm wondering if anyone has had experience with that, if so, what should we be careful of? I'm going to make a call to the building department to find out what type of egress, closet size, etc is needed. But any helpful pointers on this would be much appreciated! 

Thanks! 

Chad 

Hello, 

I recently asked for a recommendation for a CPA in a local market and my post was taken down. I received a message and the admin said that I should post it in the Market Place but I can't find a place to put that. I want a local recommendation so I posted it in the local forums. My question is how do request referrals, the market place is a bit confusing.  

Thanks! 

Chad 

Welcome! My partner and I just bought our first rental in Chattanooga. Let us know if you find a wholesale deal! 

Great question @Derek Kuhr, I would also appreciate any suggesting for an insurance broker. 

@Alex Smith thank you! I’ll give them a call.

Hello! 

We are under contract with a SFR in Chattanooga. On the inspection they saw some termite damage. The house was built in the 1950's so we weren't terribly surprised. However, both the inspector and the pest inspector couldn't access the most of the crawl space due to its size. Also the inspector noticed mild floor sinking, which has me interested in having a clear look underneath.

I’m hoping you guys can help with a rather specific request! I’m looking for a contractor that would be able to access that, they would probably need video snake camera. We will be willing to pay them for their time of course. 

Thanks so much!!! 

Chad 

Hello! 

We are under contract with a SFR in Chattanooga. On the inspection they saw some termite damage. The house was built in the 1950's so we weren't terribly surprised. However, both the inspector and the pest inspector couldn't access the most of the crawl space due to its size. Also the inspector noticed mild floor sinking, which has me interested in having a clear look underneath.

I’m hoping you guys can help with a rather specific request! I’m looking for a contractor that would be able to access that, they would probably need video snake camera. We will be willing to pay them for their time of course. 

Thanks so much!!! 

Chad