All Forum Posts by: Justin Tahilramani

@Justin Tahilramani You are probably correct. The technician weighs the tank before and after the charge. I get billed about $100 for the service call and the rest of the bill is the cost of R22. I heard the price of R22 had gone up, but didn't know it had become "extremely expensive".

R-22 ranges from $80-$140 per pound and that price is only going to increase. By 2020, you will not be able to repair your R-22 system because the price of R-22 will be extremely expensive and supply decreases.

The current HVAC standard coolant, r410a, costs about $3-$8 per pound. All systems manufactured or installed after 2010 use r410a. The costs fluctuate depending on demand.

So $3-8 vs. $80 - 140........If you believe Google.

1 Vote

@Paul Sandhu - my guess is that the $300 covered the service call and re-charge - correct? R-22 is extremely expensive. That is where you are getting killed.

2 Votes

Maresa,

I can help you out. I am pretty involved in the Fayetteville market. Are you interested in homes that have already been fixed up and are rented?

1 Vote

Only your municipality can answer this question.

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Either way its ugly as he** - but you would really need to see whats going on behind that stone to tell for sure. Are there any signs of foundation issues visible from the inside (doors that don't close correctly, windows that bind, cracks at window/door openings, etc)?

1 Vote

Originally posted by @Natalie Kolodij:

Mmmmm no.

The guidance they released relates to "time sensitive" transactions- IE 180 days on a 1031.

You had three years to sell your property after moving out of it as a primary. Doesn't fall under the current guidance. You made a choose to hold out til the very end of the 3 years, it wasn't really a time sensitive situation until you allowed it to be unfortunately.

I can't imagine there being an extension to this circumstance.

Natalie - I heard somewhere that the CARES act is allowing landlords to expense items that would normally need to be capitalized in 2020. Is that true?

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Originally posted by @Ali Boone:

I'm looking for someone who is a successful landlord-- preferably with a portfolio of at least several properties. Doesn't use property managers, but landlords it on their own.

I'm finishing a book and included in it is interviews with successful investors from different strategies that dives into what that strategy really entails. I've got all the strategies covered except someone who landlords their own rental properties. Happy to give you the list of questions before you agree to see if you're good with them.

The interview will be published in the book, and all the contributing investors will have a bio attached as well as links to wherever they want people to find them-- both in the book and on the book's landing page. So if you sell training programs or your own books or have a podcast...whatever...will hopefully drive traffic your way in return for doing the interview.

Let me know if you're interested! The interview has to be done within the next few days.

Ail - I self manage 6 short term rentals on our farm.

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Originally posted by @Robert Shortsleeves:

With direct to seller marketing, I'm stilling finding pretty good deals here in Fayetteville, NC and cash buyers are still buying. Seems like owners in my pipeline are more eager to sell than usual. Usually it takes 6-8 touches before we get a deal under contract and I currently have 4 locked up without any follow-up needed. I plan on assigning a few and I'm glad to hear that my lenders have't changed things up too much because I have a couple cash out refis that need to get done in the next week or two. As far as numbers go, I have't seen any changes here in Fayetteville yet.

Can you send details? Will they be on Airtable?

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The answer to your questions is - it depends. Nobody can give you an answer unless they understand the rules in your area and exactly how the property is set-up.

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Originally posted by @Jay Hinrichs:

plus i find it hard to beleive in the current environment.. as long as its a credit union or real bank.. if its a joker broker be careful you not being set up to lose up front costs.

Don't want to speak for Jay - but I would expect the rate to be AT LEAST 1% higher if not more.

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All Forum Posts by: Justin Tahilramani

Justin Tahilramani has started 21 posts and replied 826 times.

Post: How much do you pay for a typical HVAC service call?

Post: How much do you pay for a typical HVAC service call?

Post: Fayetteville, NC contractors

Post: SFH to Multi Legalities

Post: Foundation Issue or Just Old Adhesive?

Post: IRS Section 121 Exclusion COVID Extension??

Post: Looking to interview a landlord for a book- interested?

Post: Buying rentals in Fayetteville and Raleigh-Durham NC

Post: Renting out Single Family Home as "Duplex"?

Post: Is 3.6 % on a 30 year INVESTMENT refi cash out good or great?