All Forum Posts by: Ezra Henderson

Lol. Any updates for us? I’m trying to decide whether to use RentRedi vs Buildium… I’d love to hear what your thinking about them now. 

Hey Courtney! As to the appliances, it kind of depends on how nice the rental is. On my nicer rentals I always use nice stainless steal appliances, but on my lower end rentals I’ll sometimes use less expensive white appliances. It just depends on the area. What would tenants expect in your neighborhood? 
Yes I would go with a vinyl click lock flooring, it lasts longer and is more “tenant proof” then carpet or laminate. I like the brand ‘Lifeproof’ from Home Depot! There are definitely more expensive nicer products, and cheaper products, but Lifeproof seems to hold up pretty well. 
That’s my 2 cents!

I do really appreciate all of your advice!

Lol you guys. It’s more complicated then I described, but we worked it out with two CPA’s and a promise it’s all kosher. Like I said, I have a really good relationship with the seller. But all the properties have been fully inspected and are in great condition! I know it seems to good to be true though, haha

@JD Martin  LOL, no I did not drug him or anything like that, I know there is definitely a level of risk involved for him, but we have been friends for many years, and he trusts me completely. And there’s no way I would ever do that to him, haha. Thanks for the points you made!

Awesome, thank you @Salvatore Lentini and @Bill F. I really appreciate both your advice

That's an interesting idea @Austin Fogt. How much time would I have to pay off the LOC?

Thanks for the advice! I actually had just emailed my CPA about that, haha. Never heard of a LLP, but I'll look into that

No haha, he is not holding the titles till I pay off the debt, I can see why you’d think that though. The contract is pretty unique, but I have a very good relationship with the guy and he trusts me 

Yes, the numbers were theoretical but the gist is the same and the properties market value is more then the purchase price. And no, there are no restrictive covenants in the loan. Well maybe it is something I should consider then