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All Forum Posts by: Bob B.

Bob B. has started 10 posts and replied 1536 times.

Post: Buy my 1st investment property now or wait for a crash?

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

I remember how bad Y2K was going to be and how we needed to stockpile everything from candles to toilet paper.  It never happened but I bet the candle manufactures made a ton of money.  

You should be ok if you don't over leverage, buy decent properties and have adequate reserves. 

Be careful, Y3K might be the really bad one.

Post: HELOC but worried about depreciation in the next few years

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

You only have problem if you can't cash flow the debt or sell the property at the bottom of the market.

Post: Tenants Caused $4500 of Damage! Collections or Court?

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

Follow your local landlord laws regarding notifying them of the disposition of the the security deposit and damages.  Get the property rented and then worry about finding them.  They will turn up sometime and then sue them. It might take awhile but don't give up on collecting what you are due or at least put future landlords on notice.

@Cory RogersIt sounds like he has assets that can be liquidated to pay his nursing home expenses.  

Post: Evicting tenant on house arrest

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

He can be "under house arrest" at another house.

Post: Window installation cost

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

@Anthony

@Anthony Dooley Is $200 per window include the window and installation?  

Post: How to qualify for $500k in mortgages?

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

If the amount of your non-taxable income is verifiable and will continue then I think it should be helpful.

Post: Cash out refinance will turn cash flow negative?

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

Everything is good until you have a vacancy on one or both properties?

Post: Seller states didn't sign OF deal, Renter said she did

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

@Michael

@Michael Mullins  I assume you have talked to the seller what did they say  about it?

Post: Will a Funeral home affect my sale?

Bob B.Posted
  • Investor
  • Jasper GA
  • Posts 1,581
  • Votes 1,494

At least you won't have noisy neighbors