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All Forum Posts by: Linda D.

Linda D. has started 6 posts and replied 138 times.

@Sophie Maisel You didn’t ask but seems like cutting down the trees in front and landscaping would make a difference.

Post: Quit My Job and Plan to Wholesale

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

@Melanie Hartmann You did what you did. That’s the past. You know what you want to do. How can the BP community help?

Originally posted by @Jim K.:

I would argue that if you're paying someone else for maintenance, anything other than A' class should be a shower curtain. While I have no doubt your contractor is going to be able to put it in correctly, replacing a sliding tub door isn't as easy as some might think. This is not a slam-dunk of any old handyman, for various technical reasons. Whereas a shower curtain rod, however fancy, isn't as complicated.

While I agree the door is nicer, you ought to make your decisions about bathroom design with long-term replacement costs in mind. Another argument about this that's often brought up is that the door wil typically allow less water to fall on the floor, however hare-brained the tenant is about using the shower curtain. That really only matters if you haven't handled waterproofing and tiling the bathroom floor wisely.

A lot of people go with the door because the door, "Just looks SO much nicer." Well, it may be free for you now, but when one of those panels shatter it's going to be $200 in materials minimum to replace the whole door quickly, and you'll have to change it quickly and pay a premium for that as well. While it might be theoretically possible to order a replacement panel from the manufacturer you won't be able to ask the tenant to hold off showering for a week for the replacement to get there.

Clearly I have a lot to learn about thinking like a landlord. 

Post: Foreclosure: beautiful but very low ceilings

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

We saw a foreclosure that’s been on the market for a long time. It’s in a suburban location, end of a beautiful block, rustic, bucolic. Charming backyard with a clear stream. 1.5 acres, peaceful and quiet, private but neighbors nearby.

The house is mid century modern and definitely needs renovation especially as the floor plan is a little weird.

But here is the question- the ceilings are very low. Maybe 7 feet. Could that be what is putting people off?

@Tim Huynh go for the clear glass. Looks better.

Post: Three note investing questions

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

@Jonathon Weber I have no answers but thank you for asking the questions.

Post: Is anyone buying non-performing loans?

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

Excellent point. I'm in NY and am sure it probably takes at least a half-century. And thousands of dollars.

Post: Is anyone buying non-performing loans?

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

Had no idea there were thousands of newly minted investors! Still I’m assuming this is a big, fragmented market. 
I love the idea of helping people stay in their homes. 

Post: Is anyone buying non-performing loans?

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

I like that idea. I will start with Win-Win Revolution...

Post: Is anyone buying non-performing loans?

Linda D.Posted
  • Bronx, NY
  • Posts 148
  • Votes 34

I did have a look at your profile. Thank you for sharing how you got into this.

My sense of this 1) steep learning curve 2) not easy 3) there is actual work involved :-) 3) it's like sales - you have to reach out to a lot of people and get a lot a lot of rejections 4) if you keep beating your head against the wall eventually you will get a break and things will come together 5) continuous education and outreach is important.

But really I have no idea as this notion came across my path literally 48 hours ago. 

I would like to educate myself a bit more and then - if you would be open to conversation (in which I have done enough homework to ask informed questions) I would be most appreciative.