All Forum Posts by: Ryan Davis

I left my W2 job for more lucrative 1099 consulting work. I currently have eight rental properties (4 of which I purchased last year) and plan to buy between 2-4 per year. The challenge now is that I no longer qualify for conventional lending (3.5% rate) or other non-owner occupied competitive rates (4-5%). Asset based lenders seem to charge a couple of points and offer a 6-7% rate. I will qualify for more competitive rates once my 1099 income is proven on tax returns after two years as a consultant. In the the meantime, is it more cost-effective to pay cash OR finance with an asset-based lender at 6%+ rate and a couple of points (twice - once this year and again in two years) for closing on a brand new $310K home in NC? Again, I plan to refi after two years if it make sense. Any and all advice is welcome. Looking for lenders with best rates and lowest closing costs too. Thank you.

I am interested in having a duplex, triplex, or fourplex newly built in high demand locations in Central Indiana (e.g., Carmel, Fishers, Meridian Kessler, Meridian Park, Butler Tarkington, Downtown Indy, Broad Ripple). What are recommendations for good quality, lower cost custom home builders?

I am interested in refinancing a property in Maryland. Which banks that service loans in Maryland have the lowest closing costs?

I am and property owner and property manager for one unit. The entire Kenmore oven, burner, and clock suddenly stopped working while the tenants were cooking. We tested the electrical outlet and it works just fine. We have had horrible experience with Sears and would like to purchase a new oven. Does anyone recommend places where we can buy ovens with good customer service?

I am considering renting out a single family home (SFH) with a sizable yard. The lot size is 0.27 acres. I plan to have a lawn care company mow and fertilize the grass regularly. However, how should I ensure the grass remains watered regularly?

Options that come to mind include:

a) install a water irrigation system
b) write into the lease agreement that watering the grass is the responsibility of the tenant
c) other ideas? Can this task be outsourced in other ways?

My concern about option A is the cost but I'd still like additional perspectives. My concern about option B is that an irresponsible tenant could ruin the grass by simply not watering it. Any thoughts on all of this?

Thanks,
Ryan

I am considering renting out a single family home with a sizable yard. The lot size is 0.27 acres. I plan to have a lawn care company mow and fertilize the grass regularly. However, how should I ensure the grass remains watered regularly?

Options that come to mind include:

a) install a water irrigation system
b) write into the lease agreement that it's the responsibility of the tenant
c) other ideas?

My concern about option A is the cost but I'd still like additional perspectives. My concern about option B is that an irresponsible tenant could ruin the grass by simply not watering it. Any thoughts on all of this?

Thanks,
Ryan