All Forum Posts by: Account Closed

Alright, I'm new here and keep running across abbreviations that I'm unfamiliar with. I figuring out some of them like "IMO- In my opinion," but other abbreviations are less obvious.

Can you point me to a cheat sheet or help them not so old dog learn the tricks? I would appreciate your keep your laughter to a dull roar. :D

:lol:

I have had these kinds of things come up before , during and after move-in. Generally I am ok with paint, but I make it clear that if it is an unusual color scheme they may have to repaint before move out.

Regardless of when they bring in pets, I let them know a damage deposit is required. Regardless of whether it is a short duration stay helping a friend or a family pet that will be with them their entire stay.

My pet policy and policy regarding maintenance are spelled out in my lease. So, if a tenant brings in a pet later it will still be subject to a deposit.

Depends if it is your personal residence probably not. If it is investment property then, yes it will be taxable.

Here is the IRS article -

http://www.irs.gov/individuals/article/0,,id=179414,00.html

I was just at the Fred Meyer's (Kroegers) in my neighbor they have quite a few berry pushes for sale. Perhaps I should buy them up and sell them online.

On second thought, I'm going to stick with real estate at least it something I know. The public can be to fickle.

I remember when we bought this home. The seller wanted 400K and it was worth that at the time. We liked the house and noticed the house had been on the market only a month. We submitted an offer of 300K they countered with something slightly less than 400K. 4 months later the Realtor came to us asking if we were still interested in the home at 300K it turns out the seller lived part time in Mexico and her husband had died. She was anxious to get back to Mexico where the weather was warmer. We bought the house.

It pays to stick to your guns sometimes. Doesn't always workout, but if you can wait you might get some better deals.

Hi Marcy,

I'm new to the forum myself. I have dropped by in the past an found interesting articles. Now I'm here to participate and share while I learn with others. Look forward to your input to the group.

I would love to listen to the call, but I will be in a client meeting both April 29 & 30. Hope that a recording, transcript or followup forum.

It does sound like you are on the right track Marilyn. People are offering some excellent advice. I haven't purchased any mobile homes yet, but have several single family properties that I have purchased over the years.

Besides looking for motivated sellers, I usually only look at the list price or asking price as a starting point. Motivated sellers may be have many reasons for getting out and may be happy to take whatever they can get.

It can be difficult or nearly impossible to find financing for some mobile homes which helps decrease the number of potential buyers.

Happy hunting. I'm sure that you will get a deal under your belt soon. Keep in mind how long it might take to recoup your initial investment and having a prequalified buyer pool.

look forward to your posts, Marty. There is a lot of material here and it is a great place to ask questions, share experiences and meet like minded people.

Frank,

Thanks for the compliments. My wife is retired and I am 50. I have been doing real estate for quite awhile now and don't want to slow down just yet. On the same token, I am getting old enough that I want to plan my exit strategy.

I probably will always be involved in real estate in one form or another during my life. It has become part of my blood. I enjoy remodeling the ugly duckling and seeing them change into something usable and more eye appealing. I also love talking with people involved in real estate.

Steve,

I would love to just give my children and grand children a nice source of income, my biggest concern would be that they would misuse it or come to depend on it and not fully utilize their own skills. So often getting something for nothing goes unappreciated.