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All Forum Posts by: Daria B.

Daria B. has started 149 posts and replied 1905 times.

Post: Tax Implications of Discounted Notes

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

following...

Post: Equifax hacked, 2/5 of Americans breached

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429
Originally posted by @Ryan K.:

My local CPA sent me a letter this summer saying that his firm had been breached.  As a precaution, he offered me (and likely all his customers) 1-year pre-paid Equifax Gold Identity Protection.  I signed up and it's been all quiet so far.  With this morning's news, I checked on the website above and, sure enough:

"Based on the information provided, we believe that your personal information may have been impacted by this incident."

At least those responsible will step up and do what's right, right?

Equifax execs sold stock before hack was disclosed

http://money.cnn.com/2017/09/08/investing/equifax-...

 Is that considered somewhat insider trading?

Post: Cost of Vinyl Fence Installation

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

Thanks @Account Closed for another source.

Post: Short Sale listing, request by Chase bank to add to LA

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

So you do all the work and because of this additional language, if added, you get no commission? If that's true I would be concerned.

They "requested", meaning you don't have to add this - true?

Post: How do you tell if a note is a good investment?

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

Following for content.

Post: Chap 13 bankruptcy question-2nd mortgage note

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

Following your post. Of the BK13 plans I've encountered this is yet again a different one.

Post: Does Bigger Pockets have a mobile rental property calculator?

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429
Originally posted by @Cameron Whitehead:

Hello BP community,

I have ran across a few calculator apps out there. I am just wondering what apps y'all use while on the go? 

Thanks! 

  I don't know about BP but as closest I have come to finding something that I can use on my phone and I believe they're beginning to investigate web based application is something called DealCheck .

Post: Rental Listing Scam / Fraud

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429

@Carolina E. what else have you found to be effective? 

My PM says they will watermark but I see others in this forum stating that doesn't really do any good because that somehow can be altered (?) or skewed somehow. The PM said they too will flag as I did today while learning of this scam on my property. I will tell the PM that the address should not be used but it still seems as though those who wish to be and do illegal things will do it in any means they can.

Thank you

Post: Rental Listing Scam / Fraud

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429
Originally posted by @Carolina E.:

@Andrew I have seen a few properties that are posted on zillow and other sites and then the CL ad shows the rent way lower to attract unsuspecting tenants. I would suggest flagging those CL ads. Also post your rental ad pictures with watermarks of your contact info, this way it would be difficult for the scammer to use your property. They mainly are just targeting people to give them money upfront claiming they are out of town and will send keys when they get a deposit. I dont think there's much that can be done to finding these scammers. We can just try to sway them away from using our properties and hoping tenants figure it out.

 This just happened to me today, or at least I found out today. I had someone call from a local utility company (she was legit) to tell me that my property was on CL and she talked to my PM (I did finally confirm). I never gave her any information and when I asked how she got my name/number she wouldn't say. My PM said that they called the utility company to confirm she did in fact work there and told me that she probably didn't want to say since she was calling from her job. Anyway, I don't use CL and had no idea what to do. My PM said they are now going to do the watermark on all the photos and just tag any they see on CL.

Post: Investment duplex in Gainesville Florida

Daria B.Posted
  • Rental Property Investor
  • Gainesville, FL
  • Posts 1,946
  • Votes 429
Originally posted by @Account Closed:

One area of interest and one i have been watching for some time now is Inverness, Fl .. its about 35 mins south of Ocala .. The prices on properties are only about half way to where they were before the bubble burst, meanwhile the rents continue to rise .. its not uncommon to find Sfh at $50-80k needing $20-30k in rehab  sometimes less sometimes more .. with rents ranging from around $750 for a decent 2/2 all the way up to $1400-1500 for a nice 3/2 but the average us closer to $1000-1200 for a 3/2 around 1200-1500 sqft .. 

I seen a nice 3/2 1550 sqft w/ screened back porch and fencing along the back to protect kids from entering the water .. it was a block home .. it needed a new roof ( simple pitch ) and the ac replaced along with some general stuff like new paint and laminate or tile flooring .. its on a canal and best rehab est ..  ( at first glance ) was around $15k to get rent ready ( most $$ for roof and ac replacement .. the ask on the property was $49.5k .. it should have rented easlily for $1100 .. only reason I didn't try to convince my investing ( financing partners ) to purchase is because , We do flips right now .. not buy and holds .. but .. i hope to change that soon .. and when I do .. I cartainly will be looking in Inverness .. 

I also just seen 2 different multi family properties , one was a triplex And other was a duplex , both sold in the last 2 moths, one for $140k that was neededing nothing .. i actually pre inspected it for the buyer / investor (who is a friend of mine and started to look in that area on my recommendation ) So , she bought it for the $140 and each unit is a 2/1 thats renting out now for $600 mth .. but she plans to raise it to $650-675 on each unit as they renew later this year .. ( and she will get it ) .. 

The other one .. the duplex sold for $95k and again .. needed nothing .. both of the properties had been maintained well w/ newer roofs and ac's .. i think the 2 of the water heaters in the triplex were a bit old but in good shape still .. 

The duplex is a spacious 2/1 and was currently rented for $550 each unit .. but again .. they were a bit low for the current rental market .. each unit can be raised when lease expires or renew's to $650-$675 .. 

Only problem i forseen with that one was.. it is located right off a paved road but the road itself was not paved .. it was around 1/8 th of a mile from the paved one .. but when and if the city paves that road .. there will be road assessment fees that will need to be paid .. that one my friend passed on .. ( but who kniws how long it might be before that road gets paved .. one thing i did like was that the whole street was duplexes and there was a lit if empty lots which could be bought for cheap i imagine .. then build a couple more duplexes or even bigger multi family units .. next to the one you already own .. might have worked .. never know till you crunch the numbers .. 

And last but not least .. Inverness is supposed to be getting around 3500 new decent paying jobs starting in 2018 .. matter of fact they are putting in a pipeline though there now which has created new jobs .. 

As far as i can tell the prices on houses are only about half of what they were before the bubble burst.. and the got so low that even with that in mind ..Inverness experianced around a 18% growth on appreciation since last year .. but really .. it could only go up .. lol.. point is ,, its still going up .. 

Thats my 2 cents and  1000 words .. sorry about my punctuation .. I was never much good at constructing sentences .. Give me a hammer and nails and I can build you a house but give a a pencil and paper and i can build you a paper airplane .. lol..    

I guess it helps that I live right next to Inverness also .. 

By the way, I also like Gainesville especially if you can manage to rent to students with their parents signing the lease .. 

Let me know if i can help you in any way .. I do offer my services to go look at potential properties for out of state investors .. I can take video .. give you a unbiased opinion of the property .. And even give a pretty accurate rehab Est .. I can look at things like the roof, ac, foundation ( big thing in Fl . ) neighborhood, even give you a idea of the arv ..  

Just pm me if you require my help .. I dont want to go on about it because 

I certainly dont wat to self promote.. just offering to help .. 

either way .. I wish you the very best ...

God Speed, 

Michael Short  

lol  I always liked reading your posts you have a good humor.