All Forum Posts by: Chris Schoonhoven

Thanks Devin, I did transfer down here for work and cover the whole state. Thanks!

I know those markets seem pretty hot.

Anyone have a suggestion on best areas to find multi families in Florida?

thanks 

Anyone suggest the best area’s to look in Florida for a house hack?
 

Hi @Ericka Williams im so sorry I just realized this never posted because I can’t share the contact number -  Jeanine Hutyra has been very helpful and  easy to work with. She is in the Macomb office. Give her a shout there she’s great!

Jeanine Hutyra

Sr. Loan Advisor

thanks,

Chris 

Hi @Ericka Williams yes - I found a great lender and am happy to share their contact with you... message me if you'd like their information... (I will post their contact information here as well, I just asked for their approval first before doing so). 

Hello, it seems many have asked this question but I'll try a new post - I'm looking for a contractor in Detroit/Macombe County. Currently looking at a SFH that needs some work but I wanted to see if I could get (pay) for a gc to get out to view the place to give an estimate for me to see how much I might be looking at to get the property rent ready.

Thanks

Hi Jamal, nice work! I like how, even though arv wasn’t where you wanted, you’re still looking at great numbers.

I’ve worked w flagstar bank in the area refinancing properties in that price range so, after closing costs, you could pull out $30k and look to go get another. Ask for Jeanine - she was helpful with me. Good work!

Should I seek legal? Or am I at fault?

A condo that I own and rent out had mold appear on the bathroom mirror, and after removing, we noticed a lot of mold on the backside of the mirror. And, after asking the owner of the unit below me, it turns out there was serious damage on her flooring. 

The culprit was a leak coming from a pipe in the crawl space below that other owners unit.  Since then, we fixed the pipe and had a mold specialist come to inspect. He said this leak has been going on for quite some time and that led to the moisture build up. 

Here's where it gets sticky. The management company for the association is saying that they are not paying for anything as, in their by-laws, there is a 14 day window when an issue like this one arises. So, we have to go through our insurance. I've filed a claim with my insurance but I need to get this fixed to keep my tenant happy. So, I'm going to lay the money out and hope there isn't an issue with my insurance company.

I can't believe the association is not helping me out here. I was the one who reported the incident, when I live on the second floor. I've owned this unit for over a decade and never had a problem. I pay my dues on time in full every month. And they are basically telling me tough cookies.

I want to speak with a lawyer regarding this to see about having them help in the payment here. Am I in the wrong? Should I first threaten the management company by saying I will be talking to a lawyer to see if they will help here? 

I'm frustrated and would appreciate any comments. Thanks

ok thanks @Michael O. I have a loan with them on another property in jersey ha. Hadn’t even considered them.

Hello,

I own a property that has no loan on it in Detroit and I'd like to see if I could refinance some money out of the property. It is in the $50K range which I know makes it a little difficult to find lenders at that price, however, I figured I'd ask. 

I would appreciate if anyone had any suggestions on local banks or lenders who you've had a positive experience with. Appreciate any input.

Chris