All Forum Posts by: Russell Brazil

Working on a deal where the home has been foreclosed on by the bank but they indicate they have no knowledge of the solar panels or whether there is a lien.  Has anyone dealt with this?  Who owns the solar panels and what's my liability if I continue with the purchase?

@Russell Brazil: You seem like the kind of guy that is handy with a slide rule or spreadsheet, do you know of a source that has already put together a spreadsheet to determine price to buy at, with a given interest rate to receive a predetermined rate of return on a 5 year timeline? 

Russell, what's the advantage of filing on my insurance if the HOA is liable?

Not sure where this should go so I'm putting it here. I own a unit at a local condominium complex and am having issues with timely response from the HOA. In July of last year a roof leak developed and caused damage to the ceiling in my unit, to the point there was partial ceiling collapse. In December the roof was finally repaired, however the damage to the ceiling has not. Currently there is plastic sheeting covering the hole in the ceiling, about 4'x4'. My managment company has made more than a reasonable amount of attempts to get the HOA to have this repaired. I have reached out and spoken with the HOA management property manager myself, and just keep getting BS excuses and no sense of urgency on this matter. My management company has recommended sending in their own contractor to make repairs as the tenant has concerns about mold growth. I of course will need to be reimbursed by the HOA for these repairs. If they don't pay willingly, what are my options? If an attorney needs to get involved i currently don't have one, can anyone recommend one in the Houston area if need be?

Hello BiggerPockets community! I'm Jeremy from Washington, D.C., passionate about real estate investing for several years now. I'm particularly passionate about multifamily and syndication investing.

Outside of real estate, I enjoy traveling, martial arts, and photography.

Excited to learn and connect with you all!

cool break down thanks for sharing! This seems to be breaking down new construction and is a national average so kind of hard to read into this what it means in general but I would not expect a 665k new construction house to be my target for a rental property. 

Im a medium sized operator - 46 units- and my typical deal has an ARV from 200 to 230 when its finished. Wich goes back to my comment to the initial poster. people who want to buy homes in DC and top markets like that are the ones saying BRRR is impossible right now. Im not even sure that it is impossible in those markets but the main issue is that BRRR isnt working where they want to buy not that BRRR doesnt work.

Hello Bigger Pockets Community!

My name is Kyle Carter. I live in the Washington DC area, and I would love to connect with anyone willing to. 

A little about myself, I graduated from North Carolina A&t with a degree in Computer Engineering. I currently work at Deloitte in Cyber Security. I have been investing in the stock market for 5 years and I am now transitioning over to real estate after doing my research on real estate for the past two years. 

Would love to connect, regardless of real estate experience I know we could all be of value to one another. 

 Yea, what do I know?  Makes complete sense to purchase a property that breaks even or loses money. Because real estate always goes up and the maintenance fairy takes care of all repairs free of charge.

Seems like a recipe for disaster.  DC properties are expensive, but they probably do not hold a candle to the crazy prices in Boston.  Even a clock is right twice a day.