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All Forum Posts by: Jay Nalker

Jay Nalker has started 3 posts and replied 31 times.

Post: Rehab Addict

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

I mock her "I just want brick" and "Why in the hell would someone cover this up" every time we're doing demo. It is a pretty good show.

Post: Collecting Rent

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9
Originally posted by Will F.:
Originally posted by Jay Nalker:
I have deposit only bank cards from chase, the tenets can go to any chase bank atm and pay with a check or cash. I have been doing this for a few months and it's working great!

What are bank cards? Are they the same as a deposit slip? Also, do you have to give them your bank account number for this sort of depositing? Thanks for your help

They are just like a debit card but they good for deposit only. they don't get your account number. I can check online and see if the payments have been made.

Post: Do you put For Rent signs at your vacant rentals?

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

I have only used Craigslist and had good results. I never put the address in the add.

Post: Do you put For Rent signs at your vacant rentals?

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

Just wondering how many do this? I see them in areas that I have houses but to me it seems kinda like putting a "steal my AC unit" sign in the yard! lol

Post: Collecting Rent

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

I have deposit only bank cards from chase, the tenets can go to any chase bank atm and pay with a check or cash. I have been doing this for a few months and it's working great!

Post: Insurance on a home I am rehabbing?

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

I get a 90 day vacant building policy, then convert it over after rented.

Post: It literally burns to breathe in my home

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

I would try some otc allergy medication and see if that helps.

Post: Found $5k under the water heater!!!

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

Well... I closed on this 3/1 SFH on Wednesday, started demo and decided to replace the hot water heater since it was old, empty and someone already stole the copper going to it. I got a nice surprise when I removed it.. I found plumbing and drain from a previous toilet under it! also plumbing for a sink in the wall! it use to be a half bath.. why would anyone do that?? the water heater use to be in a closet and its going back. This has to increase the value of the house $5k

Post: Bad Tenant

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

anything that can prove you gave them notice is documentation. If you post a notice on the door take a picture of you posting it with the time and date on photo.

Post: SFH Can I do anything with this lead

Jay NalkerPosted
  • Real Estate Investor
  • Brownsburg, IN
  • Posts 31
  • Votes 9

No.. there is no equity and would be no positive cash flow. wait and try and buy it from the bank after its repoed

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