All Forum Posts by: Andrew S.

I'm interested if anyone here has done business with AHP Servicing in the capacity of SERVICING rather than for investing in their funds.  There are a couple of threads on the investing activities, but none on their servicing work.  I'm in need of assistance with note servicing and I'm just curious whether they are doing a decent job with that.

I do have some investments with them also and I'm quite satisfied with it, but I just learned that DeAnn O'Donovan, the CEO, is no longer with the company.  She had only been there for 18 months, so this raises some flags for me.  

JD hit the nail on the head! 

Mine is a rehab, not a built from scratch.  

 I have a higher-end 2x 2/1 duplex in a prime downtown location where each side is 800sqft.  I expect your main issue with a second bathroom will not be cost, but space.  Most folks who are willing to pay top rent, will want to have a little more space - this is the most frequent feedback I get whenever I turn over one of the units.  800sqft gets very tight for a 2/2.

 Get in touch with @Karen Rittenhouse

I have a 2 story rental unit with laminate downstairs and carpet upstairs. I need to replace the carpet and I’m considering a switch to laminate upstairs also.

Currently, the staircase is carpet.  What are my options?  I’m told using laminate on the stairs is difficult/costly.  Is it feasible to just paint the stairs?  Or is that a safety hazard?

 Don’t get me wrong, I think there is a very good chance that these cracks are mostly cosmetic.  I just wanted to point out that lenders may look at it differently.  Sounds like you have that covered.

No way in heck would I put down a nonrefundable deposit of that size before being able to look at it.

I quit buying a couple of years ago - the local market is too rich for me at this point.  Can’t make the numbers work anymore for the types of properties that I’m interested in.  If/when things change, I’ll likely re-enter.

If you are planning on financing this deal, be aware that those cracks, even if it is only veneer, could cause your lender to nix it.  I has this happen with one of my properties in Raleigh.  The lender insisted on me hiring an engineer (~ $700, if I remember correctly) to verify that “the cracks were due to just minor settling rather than a major foundation issue”.

Best for what?  Purchase price? Cash flow? Appreciation? Schools? Commute time? Traffic? Safety? 

You need to define what your business model is before anyone can answer your question

 Check out some of @Chris Martin 's posts on the inventory of duplex/tri/quads in the Raleigh area (very detailed statistics).  It is quite limited, so if that is what your business plan calls for then Raleigh might not be your best option.