All Forum Posts by: G Pyros

I would ask them about it and see if they admit to doing it. If they do, case closed. You could also charge them for it and see if they give you any pushback. If they do you can always remove the charge and give them that portion of the deposit back. In my opinion, it sounds like tenant damage but this could be a gray area.

They are denying. Just legally wondering what protects landlord/tenet regarding this. Seems it’s very discretionary.

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Tenet left some damage most likely due to a string trimmer on the vinyl siding. Who’s responsible would this fall on? I understand it might be wear and tear item and possibly a Mother Nature “Act of God” is this covered similar to a roof where landlord is responsible?

please let me know what covers the tenet on this matter.

thanks a lot.

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What type of house are you looking at? There is new construction, acres....

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Originally posted by @Ryan Murdock:

I spent a year in Hong Kong and mainland China years ago. My 600 sq/ft "luxury" apartment looked a lot like yours. I'm 6'3" and the bed was about 5'3" with walls on either end. Good times....

I used to think it was cloudy too until I realized that it was always clear on Sundays - that's when all the factories are shut down.

The pool and gym in my complex were closed daily from 11am-1pm so as "to give people two choices - a morning or afternoon session - instead of just one".

I couldn't get out of there fast enough.

It definitely make you appreciate the quality of life in the US. Not even the AQI or the "apartments" but the clothing and food is very expensive! I can image Hong Kong is very cramped, at least this area the apartments are much bigger this one being 1500 sq ft. I am bringing a family of 5 to compound the experience.

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Posting this out of curiosity among other posters. I have been assigned to a temporary EXPAT in Suzhou, China for 18 months. Went house hunting in the land of "condos/apartment" living. Literally, every housing "compound" is a group of 10-15 buildings that consist of around 30 stories condos. Typically gym & pool is extra fee with several parks for kids. The large differences in living is how the utilities are managed; separate A/C systems in each room, separate water heaters in each point of use; i.e. bathroom & kitchen. One of the surprising parts is price, ranging from 6000 RMB-18000 RMB for 140sqm - 200spm, this translates to $950-$2812.5USD/month for rent and the purchase prices being around 1,500,000 RMB - 8,800,000 RMB or $203,000-$1,375,000USD. Definitely not investor numbers Bigger Pockets investors seek for... However, there are many units coming online and a lot of inventory with some compounds at 75%-80% occupancy. From this sounds like the Chinese investors are speculative appreciation investors. Also, every house comes furnished and a lot of accommodating for different items that would never be considered in the US, i.e. negotiating hard/soft bed, larger fridge, installing oven & installing a dryer.

Hope you enjoy my experiences!

The last photo is very cloudy, the AQI is improving much better around 45-80. Suzhou is just a very foggy/cloudy city that is surrounded by lakes.

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Originally posted by @Charles Lee:

I know im super late to this conversation but thought id add a little something for those who stumble upon this thread in the future.

I've lived in El Paso for nearly 6 years (2012-2018) and have one rental property there. The advice i've read above seems spot on. Personally, i'm an optimist and believe there is opportunity everywhere-this includes El Paso. However, the thing that concerns me is the current state of supply and demand. Its definitely a renters market right now. There was a surge of homes and apartments that's been built starting in '09 and hasn't stopped since. Many soldiers are guaranteed a VA loan and more often then not, paying a mortgage is cheaper then the current rental rates. This has lead a lot of military soldiers to invest in homes that they later rent out when they change duty stations.

The newer neighborhoods on the Far east side are beautiful but it seems they start to deteriorate once the original owner moves out and new renters come in. Its barely noticeable at first. It starts off with one or 2 homes but as the years pass it becomes half the neighborhood with "for rent" signs in front and the weeds begin to sprout up.

With that said, I go back to my original point where there is money to be made.

I definitely agree, I question why the soldiers purchase homes when their schedules will change so quickly. I do also see it in the east side where soldiers moved in and lived for 2-3 years then move out and more than likely rent. However, I do see the inventory of new homes is increasing in the 250-300k range which I did not see just a few years back.. Definitely more confident in the new housing market then the resale.

I am also curious to see how the "ghost lots" scenario plays out, Horizon City was name after the scam company that sold these non livable properties.

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Looking to purchase the classroom portion of the real estate exam, what schools are recommended?

Also, the wife and I want to take the classes together, would I need to purchase 2 courses?

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Originally posted by @Diane G.:

@Amit M.

$700K is rare, but probably not as rare as you would think...On the flip side, I am in corporate finance so I see every one's salary for budget purposes....

In a typical company these day, if you are making $150K in base salary, you are usually at about 55% percent, meaning 55% people in the company make more than you do, 45% people making less than you do.....

Say you are making $150K in base, your total compensation is likely around $180K (assuming your company stock is worth nothing)...Then it is NOT that difficult for you to buy something for $1M....Period.....

This is very interesting this salary talk, in the engineering field it is very different. However, the engineering positions are typically in much lower cost of living areas. 105k-115k for engineering management is typical.

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So on the investment play, who things in the next couple of years developing will be harder and harder and put upward prices on homes..??

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All Forum Posts by: G Pyros

G Pyros has started 11 posts and replied 86 times.

Post: Property in Seneca SC

Post: Exterior Vinyl Siding Damage

Post: Exterior Vinyl Siding Damage

Post: Team in Douglas county, GE

Post: Renting an apartment in Suzhou, China EXPAT

Post: Renting an apartment in Suzhou, China EXPAT

Post: El Paso Rental Market

Post: Best Texas Real Estate School

Post: Who's cashflowing investing from a market like SF Bay Area? How?

Post: Ghost Parcels of land in El Paso