All Forum Posts by: Benjamin Timmins
Benjamin Timmins has started 10 posts and replied 137 times.
Post: Tattoo studio and difficult renter in my first investment

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Seems like your kinda screwed.
Post: Tenant claims three TVs have burned out

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
If the outlet isnt grounded, that will send the surge right into the tv, instead of what it was supposed to be grounded to.
Post: Negotiating with insurance after property damage

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
First don't cash the check, that would be considered accepting the offer. You'll probably have to hire a lawyer and sue the insurance company (which costs money, so I guess it depends on how low the offer was as to whether its worth it to go through the process of going to court and paying for the lawyer).
Post: "We Buy Scrappy Houses.com" Memorable, Funny or Offensive?

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Seems to be ok to me.
Post: If we do our job right...

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Theres definitely a deficit of kittens here in metro Detroit. Impossible to get your hands on one these days, through private people or shelters. If the shelters get any kittens, they are gone within a day or two.
Post: Crime statistics don't tell the whole story. A new way to find quality neighborhoods

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Postmen are also great people to ask. They are in the neighborhoods every day.
Post: Suing a Property manager in Buffalo - need Lawyer

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Have to be there yourself. No representation in small claims. You can bring a lawyer with you if you want, but the judge will be dealing with you, not the lawyer.
Post: Going to be hard to evaluate but w.ould love input

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Thanks for your input @Bill Jacobsen
Post: Going to be hard to evaluate but w.ould love input

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Looking at a 4 unit place. Rents are 450, 550, 500, 650. Ill be living in the 550 one. Will be getting it for 95k. The 95k is coming from selling property my family own, we all get a share (its conditional, cant string it along. Pick what you want, and thats what you get if you know what I mean. Its not a huge sum and its being split according to my fathers decisions.) So I can't go spilt the 95k to buy multiple properties.
Tenants pay the electric. I pay the gas/heat/water, which gas averages around 500 during the winter months.
With me living in one unit, it will bring in 1600 a month. The property taxes are 3800 a year (will drop a tiny bit with homesteaders).
What do you all think?
Post: New guy starting out in multi family

- Real Estate Investor
- Troy, MI
- Posts 139
- Votes 23
Higher interest, shorter terms, and usally a ballon payment at the end.