All Forum Posts by: Wil Reichard

I understand what people are saying. But that is poor communication skills on their part no matter how long it takes the part to get there. It's a plus they brought the window unit. I'm not sure what the legal steps are or if there are any at all. I do suggest following up every day. Get them to give you a specific day on which it will be fixed. That's nonsense that they are pushing it off and giving you different answers. I lived in a room without AC for two weeks. Worst two weeks ever. Good luck to you!

I spent three days during my work hours when I wasn't busy reading this. There are too many good stories in hear. Someone PLEASE write a book on all of this haha.

Get a lawyer to write out a strong letter stating the unlawful act they are digging into. If that doesn't work take them straight to court. These types of PM's should not be roaming around

The security deposit seems a bit high for that kind of property. The minimum monthly salary needed for rent might be a big high but I see your point in putting it in there. Maybe all these numbers and clauses are scaring people off. I would leave general info and numbers. And like others said, open up to dogs is a good possibility. I took a look at the comps in the area and I think $550-$575 is in the right ball park

I want to agree with @Sung Park , but I cannot agree fully. Yes it is very wise, and probably the better thing to do financially. But I am in the same boat as you are. Making the monthly payment may be not that bad, especially if you plan on sharing the costs with a roommate like I am. But saving up another 4k+ is going to take some time for some people. Be confident in your purchase, have a fall back plan if sh*t hits the fan. And make sure to cover your butt!

For example, I used to work as a server. My old boss told me I could come back anytime if I need to. So I work a 8-5 job and I could serve in the afternoons if I needed it. I also garage sale and resell to make some extra $$$.

If you signed the lease for a room, no. If you both signed one lease for the house, then yes you can.

If you're using FHA because of the 3.5%... Check out the conventional loan. I know a lot of people believe its only as low as requiring 5% down... but I am currently closing on a house using the conventional loan with 3% down. Lower down payment then the FHA AND... it holds up as a stronger offer. FHA's fall through a little easier than a conventional loan would.

Do you think you'll be able to increase rents and improve management to create value? That's a big issue with 5+ apartment complexes

Some are suggesting maxing your 401k's... I have to disagree. There are a LOT of hidden fees, and yes it is pre taxed when you invest into the 401k, but it is taxed at one of the highest percentages when its finally time to pull it out. Robert Kiyosaki has a lot to say about them. I chose not to invest in mine at all. Save that couple hundred dollars and use it for controlled assets you can manage.

I understand where your realtor is coming from, and she's right. Now that being said, I don't agree with doing the floors before closing. I side with you on that one.

The bank has a say because it is an FHA loan. Its a government loan requiring 3.5% down. That is one of the hardest loans to get approval for. The units have to be completely move in ready. No broken windows. 9 systems are in working order (foundation, roof, electrical panel updated, etc) So because of the type of loan, that's why they require some things to be done. I know it can be frustrating. I just finished that process on a home for myself.

If I didn't answer your question well enough just hit me up and I'll do my best to explain further.