All Forum Posts by: Account Closed
Account Closed has started 3 posts and replied 294 times.
Post: New building material???? I’ve never heard of this.
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Wow, super cool building material. Thanks for sharing @Devan Sprayberry! Kind of reminds me of ICFs, like someone else already mentioned.
Post: Best Business Phone Service
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
I've done a lot of research on this in the past, and the companies I've linked below are the ones that I really liked. I haven't used any of them yet, but I've heard good things about them. They seem to be pretty good for small businesses, and I believe all of them allow you to have a phone number that masks your real number. Hopefully this helps!
Post: Let's Review the Migration Patterns for 2020
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
This is a great article, thanks for sharing it! I expected states like Florida and Tennessee would be high on the list, but was surprised to see Ohio so high.
Post: Do renters baulk at combo washer dryers?
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
I'm not a fan of combo washer/dryers. They are such a pain, and really don't seem to do a good job getting the clothes dry. That being said, @Andrew B. makes a good point that a tenant may prefer that over not having any washer/dryer provided!
Post: Our First Airbnb Eviction! Much smoother than expected.
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Hey Warren, I'm sorry to hear this happened at your Airbnb, but glad to hear it ended pretty well. Thanks for the tip on the Ring doorbell - I've heard good things about them, and may just get one now!
Post: My Manchester, NH 4 Unit renovation
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Great work! Thanks for sharing this journey with us - I'm excited to see how everything turns out!
Post: House Hack in Kihei, Maui (Hawaii)!
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Great work, congratulations!!
Post: Heavy fixer SFR flip success
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Originally posted by @Robert Laird:
@Account Closed, kind of. The foundation had a minor crack through the slab and there was some minor settling. We could have "floated" the floor with concrete for around $5,000 but instead decided to pay a local foundation company $18,000 to put multiple helical piers under the house to give the foundation a "life-time guarantee", since we were worried this could come up on an inspection report during the selling process ultimately killing a sale or driving the price down.
In the end, we needed to recoup an additional $18k on the sales side that did not change anything cosmetically to the house. In hindsight, the extensive foundation work was overkill and an unnecessary cost that did not end up helping the sale of the house but hindering it. The house was not in a flood zone, the settling was natural, and not more than 3/4". Floating the floor would have been a reasonable solution, we could have listed the house for less and sold quicker.
This is obviously very specific to this house, but as a general principle: although structural improvements can be necessary, they do not ultimately increase the value of the home, choose where to deploy your remodel finances wisely because some may help you out on the sales side more than others.
That makes sense, thanks for explaining that more!
Post: $0 Money Down First Investment Property (2020 Year End Update)
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
Awesome job, and great before and after photos! Thanks for sharing your experience with this investment!
Post: Tips on house hacking
- Flipper/Rehabber
- Cincinnati, OH
- Posts 300
- Votes 417
I second the advice on screening - screening is always a crucial part of renting, but I'd argue even more so when you're living in close proximity to your tenant(s). Being clear with boundaries and rules up front will make everything easier for both of you in the long run and cut down on any uncomfortable conversations later on.