All Forum Posts by: Rogelio M.

@Seth Teel  Thank you very much!

Am seeking a trusted and reliable mold testing technician to test for presence of mold in a unit here in San Antonio, Texas.

Kindly provide contact information if you know of a provider.

Thank you!

I am in agreement with @Rick Pozos in that there are no "recession PROOF" properties.  The issue will be the degree to which a property is affected by the crisis slowdown.  As @Stone Saathoff mentions, focus on the cashflow.  The cashflow will sustain the project through a slowdown or a recession.  Unlike @Stone Saathoff, I do believe that the economy WILL enter into a recession.  The two economic factors that hold the economy in a precipice are a) the supply distribution channels, and b) the debt load carried by many corporations, which was facilitated by low interest rates.  The distribution channels are key to a well functioning economy, and these are breaking down because of the economic slow down.  With regard to private sector debt, debt service coverage ratios are becoming precarious and thus many firms will be unable to service their debt.  The increased risk of being unable to service debt can be observed via the downgrading of the "credit ratings" of many corporations by Standard & Poor's, Moody's and Fitch.  The effect of the supply chain and debt on the economy will be latent; it will take time some time to 'feel'.

To provide for some flexibility with your client/tenants, one can add a clause in the lease whereby "visitors" may spend no more than "x" nights within a specified period of time ... eg "Visitor may spend no more than two evenings within any one six month period".

Congratulations with the project!

Would you be able to share a bit on how you are managing the project long distance?  I assume you do not live in Lytle ;-)

All, please don't forget to perform your due diligence on the provider of service!

For Furnished Finder on BBB, this is the link ...

URL >> bbb.org/us/co/parker/profile/corporate-lodging/furnished-finder-0885-90248538

Originally posted by @Adam Woznicki:

@Matt Santos You can do a cash-out refi on a non-owner occupied investment property anywhere. There are clear Fannie/Freddie guidelines to follow. I would simply suggest speaking with another lender.

Pop

Second the motion on this one .... rules are set in place by Fannie and Freddie.  Change lender/broker!

With regard to FurnishedFinder, below is the URL for the entity on the BBB.  Hopefully this will help make an assessment >>>

www.bbb.org/us/co/parker/profile/corporate-lodging/furnished-finder-0885-90248538

@Thomas Crappse

Another really good publication is one by Victor Menasce - "Magnetic Capital".

The publications outlines the type of relationship one must have with those from who on seeks investments monies.

URL:  victorjm.com/books/

Hope this helps.

Ref:  HomeAdvisor

HomeAdvisor is a ProPerk company offering to provide a service to BP members ...

If one searches the Better Business Bureau, one will find that Home Advisor is an "Accredited Business"; however, they have been in business since "20 Years", and just now, on May 30, '19 have become 'accredited'. 

HomeAdvisor has no rating, as of this post.  Further, note should be made of the NUMEROUS complaints filed against them! ....

- 1,700 complaints closed in last 3 years

- 720 complaints closed in last 12 months

Ref:  https://www.bbb.org/us/il/chic...

I ask myself the question .... should not a BP ProPerk companies be held to a high standard?!  With these kind of statistics, perhaps, HomeAdvisor should NOT be included in the ProPerk list of companies providing services to BP members!

I will close by saying to All .... perform your due diligence on a provider of service, BEFORE, hiring them!

Regards to all.