All Forum Posts by: Pat L.

We had the entire house painted in Florida for $625.
Walls only, same color. We used that primer & paint mix.
Found the guy @ Lowes picking up paint.
We had 3 quotes but this guy was hungry.
He dropped off 3 guys & it was done in one day & they moved the furniture.

Trees ....
We just had a large branch come down. We were lucky it could have killed someone or caused some serious property damage.
Tough to ascertain the dangers but I am going to have the large o'hanging branches checked & if need be taken down as a PM.

The company we used charged an initial setup fee then nothing after that.
It's total checkbook control held @ our own local bank, no custodians, no hidden costs etc
When we find a deal its quick & easy.

you can NEVER lose money taking small profits

We NOW increase the 'rent' to cover the water/sewer bills after
we got stiffed with one for $548 ...when they left without notice.
(It was in their name but we owned the property)
We simply pursued it through collections along with the 60 days rent added for no notice $2000.
Two years later we got a call that they settled, apparently the lease on their truck came due !!!

have you seen the demographics of Dearborn MI !!!
that would be my guess.....

I had to venture into an equipment rental place in da hood.
All the guys there are doing rehabs for $$$$ or working for someone who was.
I had to park a block away because of all the nice new trucks & Escalades in the lot loading up with equipt into nice covered trailers. Most had handicap stickers or tags.
As they were checking out they paid their bills with rolls of cash.!!!!

If its a ranch it's the cost of pex plus shark type fittings & PVC for drains etc all accessed in the basement.
A Two story that old may have a plumbing chase that will make it easier.
Three of us replumbed a two story with a chase in a weekend. We left the severed cast/galvanized pipes inside the walls or where they hung. But that was tacky.

maybe he means the bidet or urinal :) :)

We own several we bought for cash because they were great deals but req'd $3-$4k in rehabbing.
The are all LTO'd & although we have a lot of luck getting them occupied we haven't had luck getting any financing @ reasonable rates. So you need to consider your 'exit' strategy.
But by now they owe us nothing & they continue to be a great cash flow with low turnover.

A foreclosure came up that had burst pipes etc & one of our LTO's living 3 doors down wanted us to buy it for their mother!!. We got a 4bedroom for $12,500, $4k in basic repairs.They put down $5,000 & MOM sends us a check every month like clockwork. We LTO'd it for $25,000 @ 9% over 13 years.

However, most are SFH & only two are duplexes.