All Forum Posts by: Ray Fisher

my experience with section 8 has been they don't clean, I do when they move to a clean house every year. usually costs me more  for the damage than the year profit. 

Welcome Steve, like you I vet my own deals also. search, buy, rehab, rent, Manage. mostly sfr. 

a sponge mop ruined $2000 worth of laminates for me. no more laminates in rentals vinyl plank is looking good. waterproof kind.

That's how I ended up owning a jackhammer!

Check for local city ordnances. They might be the reason why there has been no newer homes have been replaced.  We have a small park that has room for 8 more units, but city ordnance requires us to put in a mobile so expensive that it will not cash flow.   We would love to replace all of them but there is no way to make it work. The area wont support higher rents. entire town is about a 450 range.  Anything over 10 years old has to be brought before city council. approved at  the next board meeting when ever they meet in the next couple of months.  In the mean time the deals are sold.  I just love small town politics. 

White enamel is easy to clean and dries to a hard surface.

Sherman Williams French mocha (custom color) and white enamel on all trim and doors.

A paid off card decreases your debt to income ratio witch in turn increases your credit availability.   Any balance over 50% of available credit decreases available credit rating. (credit score)

A loan paid off early is a loan paid off early that increases credit rating. pay late decreases credit ratings.

Cash sales create no credit report or show no credit worthiness.  It is the best way to pay no interest.  but no credit history is worse than bad credit in some cases.

If your trying to increase credit worthiness make payments but pay off early.

If your trying to reduce debt to reduce debt to income ratio make lump pmt.

It all depends on what your trying to achieve. 

HI Kris, I'm local to you, 

We have two houses on lake Conway right now.  2 in Morrilton,  The first questions I get when I hear from renters in your area is do you have Conway corp? This wasn't something I had dealt with with the other properties we own. but I guess it seems important to the renters in your area.   I sent you a college request. feel free to contact me  anytime. ill give you my two cents worth. 

I remove ceiling fans , replace with light fixtures on lower end rentals.  On the upper end rentals just replace it during rehab. Honestly I don't want renters fixing stuff. it usually ends up costing me more.  I do what is necessary to keep the cash flow moving.