All Forum Posts by: Christian Lincoln

A C.P.A. just told me don't worry about it until you have four or five properties. It's not worth the trouble. At four or five you want the tax advantages and the limited liability. And some umbrella insurance.

Go for 10 percent. 100k. Net. That would be very nice. Heck 100k gross would be pretty good.

Hydrostatic pressure. just imagine a tube of water you're holding and you put a pin in it at the top, no big deal. Then put a pin in the bottom of the tube. Imagine the pressure of 4' of tube water pushing out that pin hole. The ground is like this on the ext. of your basement walls. five or six feet of heavy moist ground and water.

so Drylok is good as is hydraulic/water curing types of cement, but these are band aids.

The expensive fix is french drains around the house. Big project. If it is water table and the floor of the basement is not a slab I'd put a french drain in the actual basement ground running to a sump pump in the corner. I'd cover it with gravel, and maybe a vapor barrier and then pour a few inches of new slab. This will force away ground moisture to pump bucket and out of the house.

How wet is it? If it's just wall moisture, no puddles, I'd put in two dehumidifiers and a couple fans. I'd make sure there was no mold anywhere (different route) and then when it was dry enough, I'd use Drylok Extreme.

I use 21 and 34 split head on DeWalt guns and DeWalt compressor. Been good for me. don't forget to put oil in guns and compressor as directed.

I don't see the point of 100 bucks per door. That doesn't get me excited in the least bit. The idea of 40 doors, even with a management company gives me a migraine. I own a place out west that I bought when I had money (smaller mortgage) that is the equivalent of 20 Doors I guess. I'm a newbie too Amy, but I'll tell you, I get almost no calls on one nice property.

Hey Josh,

I'm in your boat too, and happen to be in New Paltz. I'm having a little trouble finding mid-Hudson people to talk to and it seems the REI group is once a month. I'm looking at Poughkeepsie as well. Drop me a line and we can talk shop.

christian

Thanks Will F.,

I have family in L.A. and still consider investing there so it's not lost on me.

Thanks James

Anybody have more luck with them than they might on their own?

Does it depend on the region? How do they make money?

Thanks Amy,

I'm in. Unless somebody invites me Ecuador as well. :-)

to @the group. I'm in same position as the rest of you. And in nyc. Shall we all get coffee and brainstorm?

Christian