All Forum Posts by: Darrell D.
Darrell D. has started 17 posts and replied 96 times.
Post: Hard money for auction?

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
Hey Jeremy. Any luck on this issue? I'm in the same boat and I'm trying to figure out a way to get an inspection with a hard money lender. I took a peak at the property and I see a key box on the door but I don't know who has control of it.
Thanks
Post: Auction.Com, Wells Fargo winning bid, but not accepted

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
I'm not familiar with Auction.com however I can see there's a house which is listed on the site and it's up for auction on the county website. I can only assume Auction.com has made a business of biding for people who can't be there. I've been to the courthouse auctions a few times and there's sometimes a lawyer biding for the bank (or perhaps a buyer from Auction.com). I'm assuming if somebody at the courthouse wins the bid, then the bank gives back the deposit. There's no way to foresee how high the bid will go and I haven't seen them wait for anybody (online). I can see how technology could a limit buyers in this situation and it's best to be at the auction.
Post: House selling advice

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
Post: Prospective tenants no-show for tour

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
Post: Another Tax Question

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
Thanks everyone for your help. I think I'm more concerned about time. I'd much rather answer my own questions instead of sending documents, making calls, driving, losing receipts, etc.
Post: Another Tax Question

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
I've been using Turbotax for years but it no longer supports my situation. I completed two flips then rented the homes. Turbotax asked if I "materially participated" and I said yes, but they don't support this scenario.
Is there any software which supports material participation?
Thank you everyone.
Post: BRRRR single family with before and after pics! Metro Detroit

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
Very nice. I like the basement ceiling paint.
Post: Cap rate pro app

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
I use the "Real Estate Calculator" app for my Android. It considers everything I need for SFH or MF and I can save properties and calculations for later comparisons.
Post: Is the Multifamily Market Correcting?

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63
I've been watching prices climb in Ohio. Asking price was about $420k for a 16 unit building one year ago and it sat on the market for months. Now the average price is about $600k and buyers are buying.
Post: Military Tenant Late on Rent.

- Rental Property Investor
- Springfield, OH
- Posts 104
- Votes 63