All Forum Posts by: Mark Whittlesey
Mark Whittlesey has started 2 posts and replied 216 times.
Post: What is considered a bedroom...
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Originally posted by @Richard C.:
Legally in my jurisdiction you do. Also for FHA loans. Also for Section 8. But you are right, that is not, AFAIK, in the IRC.
This is correct. No closet means.. it's a "den".
Post: Once a "Buy and Hold investor" always a "Buy and Hold investor"
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Ugly looking house. I love it!!!
Congrats!!
Post: Heads Up Ohio Wholesalers! Potential NEW Legal Ramifications of Wholesaling
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Originally posted by @Suzette West:
scare tactics = harassment
When you know your rights, people usually won't mess with you including exulted state employees who act before understanding.
Maybe.... maybe not. Don't forget that the govt (even the state) has virtually unlimited resources. Do you?
Post: How to issue "Notice to Pay or Quit" and how to start eviction in San Diego CA
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Get an attorney who specializes in evictions. You dont want to make a mistake in a case like this, especially in California (NOT landlord friendly).
If there are any technical mistakes in the eviction filing, you will have to start over.
Post: I know paying gurus is not recommended...
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Standard guru marketing.
Secret info. Special opportunity that will "expire soon".
And.. for some reason.. they need to know if YOU qualify..
Post: Would you rent to a section 8?
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
One more point about S8. It's a Federal program... But it's managed LOCALLY. So a lot depends on what the city office is like. I can think of one city that I would NEVER rent S8 in. Because I would have to deal with the bozos in that office.
I would call the lcoal Housing office and talk to some of the people there. Get a feel for what they are like and how they handle problem tenants.
Post: Would you rent to a section 8?
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Originally posted by @Chris Martin:
Originally posted by @Steve Babiak:
Originally posted by @Chris Martin:
In all seriousness, the living room can be used for sleeping.
I think this can be true. I believe the LR needs a door that shuts the LR off, there must be a closet (coat closet will technically be sufficient) and an egress window/door, which all LR should have. If the LR opens to another room without a door, you could add one. Personally, I wouldn't do this... but to pass S-8 inspection, and HA overcrowding rules (if they apply for your HA), the LR might be an option.
Correct.
This why a "den" does not count as a bedroom. No closet.
Standard is 2 people per bedroom. But the adult might command 1 bedroom alone. So this case is VERY borderline.
Post: Would you rent to a section 8?
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Originally posted by @Michael Noto:
I am surprised to hear this. Report them to the local HUD office. If the local HUD office is doing their job then this report should cost the tenant their voucher.
Post: First deal: how to maximize ROI
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
Agreeing with the other answers.
"Comps average $230K without pool and patio. Motivated out-of-state sellers tired of renting and asking $259K."
These 2 statements don't seem to go together? A motivated seller asking 110% of value?
Post: Appraisal Advice - sq ft concern
- Real Estate Investor
- Encinitas, CA
- Posts 225
- Votes 91
I have seen this a few times. As mentioned, it can be a discrepancy at the county office.
One possible explanation is if an addition was made to the house. If it was not permitted (not so good) or if the county somehow did not update their records (better), that can be a reason for the discrepancy.