All Forum Posts by: Nathan Williams
Nathan Williams has started 35 posts and replied 167 times.
Post: Require applications before viewing?

- Posts 172
- Votes 93
nope I actually encourage them to not apply until seeing the unit. But I do try to presceen them to make sure its not a waste of both of our time
Post: tamper resistant sockets in a rental

- Posts 172
- Votes 93
I found the trick... plug in stuff at a down sloped angle and wiggle it up and down as you push the plug into the socket
Post: platforms/programs that give a buyer's agent credit?

- Posts 172
- Votes 93
Im looking for lender independent closing credits/rebate as a buyer in a real estate transaction. Redfin used to offer this I believe but not anymore. Are there any platforms like this still available? This would be for California
Post: LA passes a Declaration of a State of Emergency on Homelessness

- Posts 172
- Votes 93
a perfect case study here: https://www.yahoo.com/lifestyl...
affordable units right near skid road struggles to find people willing to live there.
Post: LA passes a Declaration of a State of Emergency on Homelessness

- Posts 172
- Votes 93
Unfortunately this looks like more bad news for landlords in LA as this looks like this gives the mayor further authority to restrict evictions.
Post: tamper resistant sockets in a rental

- Posts 172
- Votes 93
newly flipped duplex I purchased has tamper resistant sockets are they are a huge pain to plug anything in. This is my first time dealing with these and initially thought they were defective sockets or something. Even after figuring out what was going on some of these sockets are still incredibly hard to plug in and Im pretty handy. My concern is my future tenants are going to have an even harder time than me using these. Anyone have experience having these in their rentals? I plan to just explain these are new code sockets that are for their safety and they will just have to deal with it.
Post: Lowering DTI by renting home to an LLC I own

- Posts 172
- Votes 93
Quote from @Galen Ikonomov:
Aah, gotcha.
@Joshua Jones You mentioned "we" a couple of times. I assume you are married. What is your spouse income looking like?
this is what my wife and I did. I was able to refi our home in my name only which took a big expense off my wife's DTI ratio... allowing her to apply for multiple investment loans in her name only over the years
Post: writing off cash expenses for a rental property

- Posts 172
- Votes 93
say you buy a used $150 stove from some random person on craigslist/offerup or hire a handyman for a $200 and they are taking cash only... is a ad hoc bill of sale enough documentation for these expense write offs to hold up against an IRS audit?
thanks
Post: How to come up with down payment for conventional loan?

- Posts 172
- Votes 93
Quote from @Account Closed:
Cash is Trash! You might consider conservatively investing your money until you can hit that dollar amount. I wouldn't advise any young person to save money right now. I like that you know your goal AND exit plan, that is great! I would get serious about investing, yes, even in stocks right now as map out the return needed to your down payment amount. Yes you can always borrow more and what not from other lenders or family but if its just you, I'd invest and stay persistent.
unless you are talking about a CD I would not be investing right now for short term gains. Nobody can time the market but at this point there is a decent chance that stocks can level down even further in the coming year. Unless you are a very experienced swing/day trader, you should be mentally prepared to play the longer term game on any funds put in this market (or in other words ready to let your money sit for 3+ years) and even ready to average down.
Post: Rental holding fee?

- Posts 172
- Votes 93
I dont charge nonrefundable fees but I do require deposit and lease to be signed for a property to be held for a specified move in date.