All Forum Posts by: David Epstein

Friends,

I am glad this thread exists because it does offer some genuine exchanges of perspective and experience.

I will reiterate: I had a slight issue and Suncoast was proactive and worked to solve, but I am

still confused why those here did not exercise their contractual rights if the problems were so grave.

i do not want to be a cheerleader or a critic, just a genuine question.  I personally believe most of us on BP have had some mixed experiences and we need to share, inform, and support to ensure that we understand the challenges, options, and opportunities whenever questions or concerns arise.

All, wanted to revisit this thread as I recently had a few issues with less than ideal communications from Suncoast.  One question I would pose: the management agreement allows "for cause" termination within ten days of an identified and unresolved issue.  Why has this option not been pursued by those facing greater discontent?

BP friends,

Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using standard rather than itemized.  Now, the 2017 tax law did trigger this shift for my situation, but just curious to know about others.

Additionally, as I add a third property I believe I am ready for more professional tax assistance.  My profession has frequent moves with occasional business expenses and government benefits (including tax benefits).  If anyone has a recommendation for a good CPA, perhaps with experience with diplomatic or military families, would be greatly appreciated.

Wishing you all a wonderful start to 2021!

Michele,

happy to meet you!  Just sent you a quick DM.  

as I have said before to folks, I am extremely pleased with Suncoast and the entire team there.  Communication is excellent maintenance and property management is fantastic, and the way the team handles things like COVID or hurricane season is exemplary!  My tenant is extremely happy an in place for many, many years!

I have used Suncoast for about two years and have not had these problems.  However, I will say that I have not yet had a vacancy or turnover.

Thanks much!

Both with nice current and growing cash flow.

Friends, I own a Co-op apartment in NY with less than $50K on the mortgage with a long term tenant happy to renew. The rate is currently 5.875 and I would love to refi and even cash out something (current value around $110-120K). Not sure how to do the math ..... Worth it? I have excellent credit (about 805 as the middle score) and a SFR in FL with about 25% equity at current value. Both mortgages with Chase.

In the process of buying a third property to live in for a couple of years and then rent out in CO.

Any thoughts/advice?

My gut says complete the current purchase then move for cash out refi.  I have not run the numbers, but welcome thoughts.

I have been happy with suncoast.

BP friends,

When investing long distance, what is your strategy to secure the property while vacant?  (i.e. alarm system, lawn mowing, mail/etc collection)?  

Any advice is most welcome!

Friends, I always appreciate the viewpoints and diversity of views and experience that enter the recession discussion.  Seems that one aspect of greatest import is also risk tolerance.  Recessions are great opportunities and I wish BP existed back in 2008 (and that I had the cash and wherewithal to do something about it).  I need to buy soon due to a move (with an eye towards future rental and cashflow/mortgage paydown), but am planning for the buying opportunities the recession will present.

One note: mixed economies with a military presence (especially in this increasingly troubled time in the world) can both provide opportunities to invest and weather the storm.

Best of luck to all, and may you learn to make your own luck.