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All Forum Posts by: Jonathan R McLaughlin

Jonathan R McLaughlin has started 5 posts and replied 2323 times.

Post: Selling everything and leaving job to Travel! Tips for setting myself up for success?

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

Actually, I’d buy as much real estate as you can before you go.

Post: 1031 to 8 unit multifamily: low-risk financing

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

you should be able to get loans with a 5 or 7 year reset on the interest rate with no balloon.

Post: Rehab costs for 4-story multi-family property

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

full gut rehab and an elevator? Its hard to imagine you will be able to make this work by renting the apartments after. I would think you would have to sell as condos to provide any kind of return. 

Construction costs vary widely, but I doubt you could do a full rehab for less than 250/sf and likely more, maybe much more.

Post: Lead based paint Seller knew and did not disclose

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245
Quote from @Philip Hernandez:
Quote from @Jonathan R McLaughlin:

@Philip Hernandez I missed this a few months ago and was psyched to read the update. Congratulations that is awesome. I agree you got off very light, especially with the new flooring. How did the legal steps go if you pursued? Smal claims?


 We didn't end up pursuing legal claims, although, that's probably a good idea.  If anyone has a recommendation for attorney that might handle a small case that size, or info for how to file soemthing like this while I'm out of state, I'm all ears!


 Thanks for the update. That's an annoying amount...Just big enough to think about doing something, not quite big enough to launch an all out effort. Honestly? I think I'd just forget about it and move on. Send the complaints to the state or local realtor board if you want but probably not worth it. I'd probably just move on.

Post: Lead based paint Seller knew and did not disclose

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

@Philip Hernandez I missed this a few months ago and was psyched to read the update. Congratulations that is awesome. I agree you got off very light, especially with the new flooring. How did the legal steps go if you pursued? Smal claims?

Post: Tenant Inventing Issues Every Week

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

Did something happen after the 8 months that you know of? Job loss, trauma etc? Honestly sounds like someone went off their meds--not being flippant. 

I might set/send a "I check the phone twice a day and respond at 12 PM the next day. In an emergency call 911" kind of message and hold to it. No need to be yoked to their time line, voicemail is your friend. 

Keep a record, harassing phone calls is a crime (a felony in the US actually) and might move this to a different category. In the unlikely event its feasible, is there a family member available to become involved?

Post: Does this sound legit to you?

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

I need an honorable gentleman to help free up my $3M dollars in a bank account as I am currently held prisoner in Nigeria. If you forward $5,000 to my trusted friend I will gladly pay you 5% of my assets once freed....

Post: The future of RE investing - 5 and 10 year outlook

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

@Darius Parsia nope, I said my piece.

Post: The future of RE investing - 5 and 10 year outlook

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

I tried to report this post but there was no category for "bat#%&"  mishmash of conspiracy theories, misinformation, and nonsense.

You just have to ignore the "Fact Checkers" as they are actually biased liars paid to censor the truth.

Post: Is this a new trend?

Jonathan R McLaughlin
Posted
  • Rental Property Investor
  • Boston, Massachusetts (MA)
  • Posts 2,367
  • Votes 2,245

I hear there are some nice hotels which do all that for you :) seriously it’s gotten ridiculous and endangering the value proposition