All Forum Posts by: Stephen G. Wolff
Stephen G. Wolff has started 0 posts and replied 23 times.
Post: NW Metro Furnace/Duct Recommendation
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
SFH, Multi, or commercial? Repair, new install, or cleaning?
Post: “Bad” neighborhoods - buy rentals or not?
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
Originally posted by @Jessica G.:
@Terre B. I'm still trying to see the relevance of the skin color comment in the original post myself.
Unconscious bias on display for the world to see. Not intended to throw gas on the fire, but it made me shake my head when I read it.
Post: “Bad” neighborhoods - buy rentals or not?
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
Originally posted by @Terre B.:
had NO murders during my time there, and much better occupancy and collection rates.
I'd say a LOT of it depends on your management style and people skills.
Greatest post of 2018!
Post: Heavy smoker smell in duplex unit
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
I second Kilz and the O3 machine. If it is as bad as you say, don't forget to change out the blinds, wash all windows, ect..
Post: Federal Pacific Electric
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
I have one of these panels in a SFH. I received quotes ranging from $2300.00 to $7500.00. The range is for just changing the panel out to relocating it to a different wall.
Post: Tenant breaking 5 yr lease, barely a yr in
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
The landlord has a duty to mitigate the risk and actively seek a new tenant. The lessee is responsible to the lessor for any rent that the lessor did not receive. This includes amounts, if rented for less than the original lease, that the lessor would be owed during the five years but did not receive. The lessor can not "double dip".
Post: What to do with my 401K?
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
Originally posted by @Gordon Starr:
To do what you are trying to do, I made sure I got the employer match till I quit and cashed out everything (110 k). I did my own taxes, didn't report that I owed them a penalty, and signed up for the IRS installment plan. The interest is like 6% of whatever taxes you owe. That money and my own sweat was enough to get a do it yourself real estate business going. This was 2013 and it may take more money than that now. It wasn't that hard and my passive income is way higher than the 401k plan would pay even had I worked another 15 years.
Reply: Is this a real post? SMH
Post: Newbie investor in the Twin Cities area
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
I have experience on both sides of the river (North and North East). My recommendation is to be very careful of where you dip your toes in the water. A huge potential upside for buy and hold over the next decade is the designation as an opportunity zone. Follow the money!The following census tracts have been designated:
Post: Newbie investor in the Twin Cities area
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10
I have experience on both sides of the river (North and North East). My recommendation is to be very careful of where you dip your toes in the water. A huge potential upside for buy and hold over the next decade is the designation as an opportunity zone. Follow the money! The following census tracts have been designated:
Post: erentpayment - Anyone who HAS received funds SINCE 10/12 date?
- Rental Property Investor
- Minneapolis, MN
- Posts 23
- Votes 10