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All Forum Posts by: Paul S.

Paul S. has started 6 posts and replied 358 times.

Post: Loan with fast equity?!?!

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Jasmine Claye I think @Jon Holdman nailed it. To use his example you could always play it safe and get the 100K @ 6% for 30 yrs but pay it as if it were a 15 or 5 year loan. In the event that you have a hiccup you could always revert to the $599.55 payment until you get back on track. 

Post: Newbie From Rocky Mount, Virginia (near Roanoke)

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Liz Craine

Welcome to BP.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide

You should be able to make some great contacts when you attend the meetings.

Good luck

Paul

Post: Fair Housing/ADA and Service Animals

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Craig Shute  what came of the service animal issue?

Post: What is Your Policy on Renting to Tenants with Dogs?

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Michael Henry  brings up a good point about service animals. I have not heard anyone mention this before on BP.

Post: What is Your Policy on Renting to Tenants with Dogs?

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Rumen Mladenov  I do not allow smoking in the house. I do not have a separate deposit for that but if smoking goes on in the house then I will take $ out of the security deposit to rectify any issues (smoke damage).

Post: How not to get your HVAC stolen while your house is being rehabbed.

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

I would use the heaters recommended by @Matt R. I have used one in a garage in Minnesota during the winter and after a couple hours of running it was 70 degrees so I could work in a t-shirt comfortably. After that I went and bought my own (used) for $30 which uses kerosene and works like a champ. 

Post: mistake cost me $1,000; 2% concession

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Elizabeth O.  have you addressed this with the realtor? I would at least bring it up and see if they take the high road and do the right thing by you. If not I would change realtors for my next deal.

Post: 4 plex Coin Laundry

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

I think it sounds like a good idea. I am not sure of your numbers but you may come out better by offering this amenity. I don't think your water and energy bill will increase all that much. 

Post: What is Your Policy on Renting to Tenants with Dogs?

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

@Dooreuhn Cee  agreed some people just do not care. I have heard of issues with cat pee as well.

Post: Brand new to this - Raleigh, NC

Paul S.Posted
  • Investor
  • Valparaiso, FL
  • Posts 374
  • Votes 76

Welcome to BP!

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out the  BiggerPockets Podcast

Good luck

Paul

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