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All Forum Posts by: Erin K.

Erin K. has started 24 posts and replied 119 times.

Post: House hacking with a tight cash flow

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37
$100 a month cash flow on a $300k investment? No way.

Post: 2 unit home vs. single family home

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37
IMHO, multi family properties are better if you are looking for cash flow, but single families are better if you are looking for long-term appreciation.

Post: Renting my Home out ! Do I pay taxes on my Income???

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37
Phillip - no

Post: need advice for heating

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

Thanks to both of you for the thoughts.  Jeremy - agreed about the CO detectors.  Gail - I wondered about mounting them up higher, so glad to hear that is an option. 

Post: need advice for heating

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

Anyone have any thoughts......?

Post: need advice for heating

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

We recently bought a duplex that has a small one-story, no basement, very old brick house on the property.  We evicted the tenant we inherited and are now rehabbing the house.  The primary concern I have is that the prior owners had installed 2 ventless gas wall heaters that are the only heat source.  The heaters are infrared and like: this heater.  I am concerned about having this type of heat, as it is at a low level from the floor and I am concerned about young kids getting burned, something touching it and starting a fire, etc.  With no vents or basement to make running vents easy, I am not sure what options we have.  Electric heat would be crazy expensive I think due to it being brick and not insulated.  Anyone dealt with this issue and have any suggestions?  

Thanks! 

Post: question re: vinyl plank

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

I have used vinyl plank flooring in a side by side duplex we rehabbed a while back and liked it.  Now, I am renovating an upstairs unit, replacing the current carpet.  Will the vinyl plank be noisy for the downstairs tenant?  We are planning to use the floating floor snap-together planks if it matters. 

Second related question: I noticed the glue together vinyl plank is a lot less expensive. Does anyone have a strong opinion about whether the extra cost is worth going with the snap-together type?  Easier to install or harder?  

Thanks for thoughts!

Post: Need alternative to TrueRent

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

Update: I am in the trial period with Rentec and LOVE it!  I highly recommend it to anyone out there looking. And customer service seems to be great - I emailed a couple of questions and they responded within an hour answering both.  Still never heard back from TrueRent after emailing them a question weeks ago. 

Post: Don't Leave 5% on the Table if you have a Discover Card!

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37
Just a heads up - they usually limit the promotional deals to the first $1500 in qualifying purchases. But....$75 is $75! 😊

Post: Understanding 25% Down on Investment Property

Erin K.Posted
  • Professional
  • Loudonville, OH
  • Posts 125
  • Votes 37

As others have said, depends on the lender.  We have mortgages with a local bank. With our most recent purchase, bank said their policy was to require 25% down, but I told them I only wanted to put 20% and they said okay.  This was a portfolio loan being held in-house.  Can't hurt to ask.