All Forum Posts by: Daniel Graham

Daniel Graham has started 2 posts and replied 23 times.

I am guessing there is more to this story than we are being told. Nobody hires a surveyer and moves a fence 1.5 feet on a whim.

6 Votes

Originally posted by @Byron Scott:

Anybody figure out why Felipe left the show?

Doesn't seem like it.

1 Vote

Originally posted by @Vikas Khullar:

Are you guys still having these meet up or have they moved virtual. Would love to attend.

I would be interested in a Fox Valley virtual meetup. I don't see anything list in the events currently.

0 Votes

Originally posted by @Syed H.:

Simply because investment carries risk. The restaurant and entertainment business is shutting down left & right. You can't bail out everyone.

You put yourself into the wonderful world of being a REI. Navigating the downturns is what makes a good REI. People on this forum started complaining the first month that they couldn't survive with no rent. You shouldn't be a landlord if you don't have a single month in reserve. Remember leverage cuts both ways. It boosts your returns and also can kill you in a downturn.

This whole thing is overblown IMO. You see a new BS article Out of a 50 unit portfolio I had 0 evictions. How you manage your rentals matter. If you placed decent tenants, they will work with you if you are reasonable.

This deserves all of the up votes.

1 Vote

Seems like you just need an amendment stating exactly what you have above. I googled "amendment to lease agreement ezlandlordforms residential" and found the right form in the first link. It was an ad link though, so double-check it. I'm sure there are plenty of people out there with more experience in this than I though.

1 Vote

If your mortgage lender discovers this, you run the risk of them calling your note. They could then ask for the full balance to be paid in full. I do not know anyone that has had this happen to them, and I would be interested in hearing stories fro members that have had this happen or know people that have had this happen.

0 Votes

I am not a tax professional, but I am pretty sure that the only way you can claim a home office is if it is 100% dedicated to that use. If this room will be used for anything else you are not supposed to claim is after 2018. Your description sounds like it might qualify and hopefully a tax pro will step in and help you out. Preferably one located in your state.

0 Votes

This is a great story. I've been thinking about a similar route of starting with a 4 unit place (on top of my existing SFH rental) and attempting to upgrade to a bigger place with those profits. Glad to see it is working out for you!

0 Votes

“The fact you’re worrying about taxes means you’re making money. Don’t worry about taxes.” Kevin O’leary.

4 Votes

Originally posted by @Justin V.:

@Clint G.

I have menards up here, so not helpful for you.

Do you have habitat restores?

Also amazon and ikea.

Yes! Habitat for Humanity ReStores for the win! They don't always have what you need, but when they do it is super cheap!

1 Vote

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All Forum Posts by: Daniel Graham

Daniel Graham has started 2 posts and replied 23 times.

Post: Neighbor called and said moving fence 1.5 feet

Post: Why is Felipe leaving???

Post: Wisconsin Apartment Investors Meetup- Appleton

Post: Covid bail out, who is bailing the landlords out?

Post: Addendum to lease - tenant's two adult kids moving in temporarily

Post: Primary Residence Mortgage w/ Non homestead taxes

Post: Tax deductible question

Post: How I got my first deal

Post: Why are people waiting till after the election to buy?

Post: Where do you buy your fixtures for your rentals??.