All Forum Posts by: Michael Healy

I've given up on home inspectors. My experience is that they don't know that much anyway. I go in with myself, a GOOD flashlight, and whatever friend that knows the most about homes and the work it takes to fix stuff. (If you dont know much this may not be for you, but it's pretty easy) Learn for yourself what is mold and what is just dirty. Like you said Asbestos isn't likely to be a major issue for typical flips. Lead just needs to be "encapsulated" which just means painted over. 

Maybe FL is different but where I'm at is nothing like the dramatic BS you see on TV. Even if there's is mold it isn't usually that big a deal if you didn't pay too much to begin with. In fact I think I've won bids because a moldy attic scared away other buyers. Then it cost me like $1500 to have it cleaned by pros with a warranty  Shop mold remediator guys hard!!!

Mold Lead and Asbestos aren't the boogyman TV and the internet want you to think they are. Good luck. 

Is it really that hard to hook the laundry to a proper drain? They make lift pumps that basically make water flow uphill. Not all that expensive either. 

Be careful leaving somewhere that you have friends and maybe family to go somewhere without that. $25k is a solid amount of money to flip a house with a 50/50 partner. Without a partner it's a bigger mountain to climb. 

Tony, thanks for the vehicle info. Looking for less miles. 

I don't know of any local REIA's but I'd like to find one with folks in the area. Hopefully someone responds. Waterford Clarkston White Lake Independence Commerce Michigan.

Welcome Tony. I do flipping in the Waterford area as well. 

I also am looking for a mini van in the $10k range. Got anything good?

good point. I should have mentioned hat the lease is up at the end of this month. 

I am in the process of buying a rental property with a tenant already in it. Getting it at a very good price, but I believe the rent to be low. Its at $998 when I think it could be $100 to $200 a month low. The tenant is section 8. This is my first rental, so I'm wondering when I should request a rent increase. Any help would be greatly appreciated. THANK YOU!