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All Forum Posts by: Michael Lewis

Michael Lewis has started 6 posts and replied 84 times.

Post: HELOC VS CONVENTIONAL

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
I you cannot get another u till you refinance the first into a conventional. You can get a fha loan on the new house with I believe the 201k or something like that. That will allow you to buy the house and get the floors fixed all in one loan. But not until you get out of the first fha.

Post: Service and ESA dogs for SFH rental exempt from FHA?

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
https://www.hud.gov/sites/documents/SERVANIMALS_NTCFHEO2013-01.PDF Looks to me like ESA animals are not covered

Post: What city/state has $100K properties that meet 1% rule?

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
Nothing here like that in the Midwest! Wink wink.

Post: Good investment oriented Electrician in Independence

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
Forgot the name of his company as he’s listed as electrician in my phone heh but he does mine in independence. He also does work for my buddy who’s does 100’s of houses that’s where I got the referral.

Post: legal referral needed in Kansas City, MO

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
Need to actually read the reviews. Seems like at least half the bad ones were not clients but on the other end of it.

Post: Should I even bother to call this person back ?

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
I really hope this is satire because if not you should really get your tenant criteria in check. I’m gonna assume it was just to be funny though.

Post: Tenant with no security deposit

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
Get rid of them rehab raise the rent accordingly.
Well it depends on the level of special needs as well. If they are completely dependent on the parents for their needs for life then no I would not. But if they are high functioning and able to function close to normal then yes I would.
Special needs people generally just want to be treated the same as everyone else. So the best course of action is to treat them as you would anyone else.

Post: Wood floors are scratched and tenant wants new floor

Michael LewisPosted
  • Investor
  • Independence, MO
  • Posts 89
  • Votes 70
Yes mike gives terrible advice