All Forum Posts by: David Cornett
David Cornett has started 4 posts and replied 34 times.
Post: How are you guys collecting rents?

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Marvin Bobb
Cozy works great!
Post: Primary Home Refinance using IRRRL

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Scott Jensen
https://www.clearpathlending.com/loyalty/
Post: Primary Home Refinance using IRRRL

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Scott Jensen
Update: now six months into the refinance. The lender reached out and as part of their “loyalty” program, I can refinance again, no fees upfront or rolled into the loan. However, in obviously refinancing into another 30 year loan.
I haven’t moved forward yet, but we are looking at going from 3.625% to 3 or 3.125%, does this make sense to go through with the refinance?
Post: Best flooring for Chicago rentals (LVP)

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Francis Rusnak - I recently used https://www.lowes.com/pd/ProCore-16-Piece-5-75-in-x-35-75-in-Heirloom-Oak-Luxury-Locking-Vinyl-Plank-Flooring/1000389559
Priced well - looks great. This was my first time usually vinyl- obviously doesn’t feel the same as a hard wood surface- but shows very well and is great for a rental.
Post: My Experience With Memphis Invest (Turnkey Company)

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Zachary Schimenz
I think you forgot a zero in a couple of spots.
Post: Small Deals Mean Wasting Time & Making Small Money

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Michael Ealy
So which hotel brands/franchise offer the best value for my money? Which has the best chance of performing well even in down markets?
David
Post: Security Deposit for Repairs

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Glenn Lee
Thanks. I would say that a missing smoke detector and the baseboard damage is not “normal wear and tear” and will be deducting those.
Post: Security Deposit for Repairs

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Kim Meredith Hampton thanks! This is in Illinois.
Post: Security Deposit for Repairs

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
Received an email from property manager regarding the following- my question is can I use current tenants security deposit to fix these.
“cabinet damage in the kitchen
-Garbage disposal - sounds like something is stuck in there
-Smoke detector missing
-base board in hall damaged
-Wooden floor lifted is hall way, dark spot near kitchen
-damage behind bathroom door
-base board and floor damage near bedroom door
-paint damage in bathroom
-bedroom closet door damage
Also, carpet cleaning.
Let me know your thoughts.”
Post: Primary Home Refinance using IRRRL

- Rental Property Investor
- Chicago, IL
- Posts 35
- Votes 7
@Scott Jensen thanks for your response, the statement I have based on actual numbers is 41 months to recoup.
I thought that was worth it, but I wasn’t sure what the “norm” is, or what other criteria have for assessing.
Thanks again!