Chat Transcript December 4, 2006
Posted on December 5, 2006
Al Lee Hi. We are early birds today.
mike2 My first visit, wasn’t sure what to expect.
Al Lee Well, we will have more people logging in soon.
Al Lee This is for people interested in investing in real estate.
Al Lee You will have several veteran investors, like Mike Summey, Roger Dawson, and your s truly, who will ansower whatever questions you might pose
mike2 That’s me–new investor. How do I cut and paste a question? I tried right click . . .
Al Lee cut an paste from where?
Al Lee Usually Ctrl-C is for cut and Ctrl-V is for paste
ken Hey Al did you close on your ranch yet
Al Lee Hi Mike
Mike_Summey Hi everyone. Sorry i’m late.
Al Lee We expect to close this week. Things move on Oklahoma time in Oklahoma. It is deer season and the appraiser has his priorities
Mike_Summey I was working on a deal and got so engrossed in it I almost forgot about the chat. 
Mike_Summey Hi Penny
Penny Hi Mike and Al
Mike_Summey An Ken, Al, Mike2 & sedwards
Al Lee He has already done the appraisal but could not send it to the lender because he had to trek out into the woods after a buck
Al Lee Hi, Penny
sedwards Hello everyone
Mike_Summey Roger is off speaking tonight
Al Lee Hi sedwards, welcome back
sedwards Thanks, glad to have made it on time this evening
Mike_Summey Anyone got any questions?
mike2 Mike, is it OK to use the monthly average tax advantage (a percentage of interest payment, insurance, depreciation, etc.) to offfset the NOI?
Mike_Summey Hi Doug
Doug_in_CT Hello folks
sedwards Is a demo of the offer generator still available?
Mike_Summey Mike2 I’m not sure what you are asking. Can you phrase it a little differently?
ken Mike do you have any sugestions on how to file information on your properties? or lead, and offers?
KenJ.onAI Hi all
Mike_Summey sedwards, no the demo version was only available while we were trying to work out any bugs before it went into production.
Mike_Summey Hi KenJ
Mike_Summey ken, I keep a separate file on each property and keep documentation of all income and expenses in the files.
Mike_Summey Hi Sol
sedwards Is there an further info available other than the brief desciption?
Sol (Cali) Hi!
Mike_Summey sedwards, we are planning to put up more info after the first of the years, but if you have any question now, I can answer them for you.
sedwards Just wanted to know how extensive the program was
Mike_Summey sedwards, others in the chat may be able to give you feedback on the Offer Generator also.
mike2 ref tax break quewstion: I’ll get a tax break on the interest and such each year. Seems to me that would offset expenses. I have an offer planned that meets the NOI at 30 years, but taking the tax savings on my expenses I can make the 20 year loan work too . . .
Doug_in_CT Anybody finding a way to use their Roth IRA to invest in Real Estate? I am finding the flip strategy has possibilities but buy and hold strategy is not too conducisve to using the powerful tax free earning features of the Roth IRA
Mike_Summey sedwards, the program lets you input estimated income and expenses, computes the NOI and the walks you through the process of balancing price and terms to create dozens of different offers that all work with the NOI. It even lets you print the offer letters.
ken I have the offer generator and it is nice to make offers. I highly recomend it.
1099 Hello everyone
Penny Hi Elba-Tx!
Elba_Tx Hi everyone
Elba_Tx I like the looks of the place Mike
Mike_Summey mike2, I would never use tax savings to make an offer work. The tax laws can change each year and often do. The 1986 tax law changes wiped out a lot of people and te S&L industry because tax breaks were being capitalized to inflate values. When the tax breaks went away, so did the values.
Elba_Tx HI penny, Al
Mike_Summey Hi elba
Penny glad to see you back. guess you are settled in TX now?
Al Lee Doug, the advantage of owning an investment in an IRA is that the earnings are not taxed (now), but if you do real estate right yrou earning s will nto be taxed anyhow, so I recommend NOT puttin money int any tax-deferred account to buy RE. If you already have money there, you can convert to a self-directed IRA and buy RE, but must use less-favorable financing.
Al Lee Hi, elba
Mike_Summey Hi 1099, I almost missed you.
Elba_Tx yes maam
1099 Hay Mike
mike2 Thanks Mike, I remember those days now too. How soon I forgot. Thanks.
Mike_Summey Elba, I see that TX beside your name. Have you made the move?
Elba_Tx Yes we did.
Al Lee ERlElba, I think the email address we have on file for you is no longer correct. Would you send a new one? Just go to www.RentHouses.org and click on the “emailAl” link at the bottom and we will have it.
Al Lee Elba
Penny 
great Elba, and I see you are already learning the TX talk. cute
Elba_Tx We got in last week. Al I will do that.
sedwards Thanks Mike, I have found myself in a position to buy a commercial building that I am currently renting. I realize this purchase is not recommend in the material as one of my first long term purchases, but I will not have the space if it is sold on the open market. I wanted to use the generator to use your methods as I am new to your material.
KenJ.onAI sedwards, the offer generator creates offers exactly as described in the book. It will save you mucho time in generating offers, without sacrificing accuracy. The offer generator is only as good as your information however, meaning, whatever you use, you’ll have to research the details yourself.
Mike_Summey sedwards, the Offer Generator works for any kind of property. The properties may be different, but the principal is the same.
KenJ.onAI Mike,
Al Lee Elba, if you spoke Spanish in NYC it was probably the Puertorequeno style. You need to learn the Mexicano style here. I learned Spanish in school, then form Cubans in FL, then from Puerto Ricans in NY, then form Mexicans in TX. It is nto the same!
Al Lee Excuse the typos!
Doug_in_CT Thanks Al for the advice about using Roth IRA’s. I have found since owning several investment properties my tax liabilities have evaporated into thin air.
Al Lee Doug, that is one of the big advantages of real estate.
Elba_Tx Well Al, get ready to learn Spanish the Dominican way. Dominican Republic is my native land. and yes my husband would agree. Its all different
Al Lee TW we had a discussion last week or the week before about refinancing to buy more properties. I did a segment on my radio shwo talking about just that yesterday. It is on the website for re-playing.
Mike_Summey Doug, you are right. The IRS does all it can to encourage people to invest in real estate.
1099 Al did u add more show on your website?
Al Lee Wow! Dominican. That is yet another. I have chatted with people form South America who speak a Spanish that have entirely different words for common words like Usted. I can;t remember what they said, but it was really odd.
Mike_Summey I just got a call from the newly elected sheriff telling me to be at the Sheriff’s Office Thursday evening at 7:00 PM to be re-sworn in as a deputy under his administration.
Doug_in_CT Well Deputy Dawg!
Elba_Tx a deputy?
Al Lee I have added a vew more shows to the website. I have been out of town and the radio station played “best of” shows some weeks and I do not post them to the website. Go check it out.
Mike_Summey Everyone, just FYI, I’ve been a sworn law enforcement officer for 43 years.
Elba_Tx Al, Usted is the formal way of saying “you”.
Doug_in_CT Who are you gonna hunt down Mike? The educational system that is letting down our chillin.
Mike_Summey I still work one or two shifts each month as a patrol deputy. It’s one of my ways of giving back to the community.
sedwards Mike, you checked the wrong box - I am a firefighter in the Chicago area
Elba_Tx In my culture we would say usted to refer to an older person, or someone of authority to show respect.
Al Lee Elba, I know. In some SA countries they have en entirely different word for “you”
ken Mike I must of missed that in your books
mike2 Mike, I was considering an offer on a property that I just found out is on the very edge of the city limits–no zoning in that county. Buncombe county offers similar challenges–do you worry too much about that?
Sol (Cali) Al, the strange way to say “you” ar “you all” in South America is [i]vosotros[/i].
Mike_Summey ken, that’s one of the things I don’t write about. Probably shouldn’t have said anything here.
Elba_Tx ken he did not share that
ken share what
Al Lee Sol, no, that is the familiar plural form of “you”. I am talking about something entirely different. Mayvbe it was from Bolivia or Uruguay. I can;t remember.
Mike_Summey mike2, I’m not a fan of zoning. I don’t like the government telling me what I can do with my property. However, with that said, unfortunately we have to deal with it sometimes.
KenJ.onAI Mike I tried riding in neighborhoods and speaking with some folks this week
Elba_Tx most SA follow the old castellian form of speaking. Their spanish is much closer to the originating language.
Mike_Summey mike2, if you buy in an area subject to future zoning restrictions you should factor in some added expenses.
Al Lee I have only heard Vosotros from people form Spain, actually. I thinkit has become archaic in the Americas
Mike_Summey KenJ, how’d it go?
Al Lee OK, who has bought anything lately?
Elba_Tx mike2 immenent domain (if thats written properly) is also a problem.
Doug_in_CT I got a new car last week, but I bet that doesn’t count.
Mike_Summey Al, I was getting ready to ask you if we were having a language arts class toningt.
KenJ.onAI I found some people were not willing to talk but one was.
Al Lee Mike, no, sorry. I love language, though. It is great fun
Mike_Summey Elba, that could be a problem anywhere.
Mike_Summey KenJ, there are always people who will talk and ones who won’t.
mike2 I suspect any new development will be an apartment since they can access the city sewer and water.
Mike_Summey sedwards, are you still a firefighter?
Elba_Tx Our next purchase would probably be next year. That has not stopped us from looking around the neighborhood and the MLS or from playing around with the Offer Generator.
Doug_in_CT I bought my new family Van (Honda Odessey) the Weekend Millionair way however….I paid cash.
Mike_Summey Doug, good for you!
KenJ.onAI I got some great information about a property where the owner had passed and his brother inherited the home. I missed out, the property was on the market one week. I see how it could lead to some great deals. I also got the lowdown on some other homes on his block that may come available in the future. All I had to to is ask.
Elba_Tx Alright Doug!!!
Mike_Summey mike2, are you in the Asheville area?
sedwards Yes sir - I was on duty for 24 on Sunday
Sol (Cali) I bought the Offer Generator and have been playing around with real numbers in the area I’m scouting.
mike2 McDowell
Elba_Tx Sol, its the best way to start
Sol (Cali) I plan on making some low offers soon as practice.
Elba_Tx Thats how we bought our current home
Mike_Summey KenJ, that’s exactly what I’m talking about. Had you ridden a week earlier you may have gotten the property. Things change every week in neighborhoods. People change jobs, divorce, get sick, have accidents, retire, etc., etc.
Doug_in_CT What town are you in Elba?
Al Lee Elba, now you can meet Vee in person.
Elba_Tx I’ve met her Al. early this year.
Sol (Cali) Elba, when you first made the offer on your current home, did you already have in mind the idea of living in it, or was it originally going to be an investment property?
Elba_Tx Doug in Dallas
KenJ.onAI Mike, you were right, of course.
Mike_Summey Sol, make you first offers very conservative so if one is accepted, you’ll know you got a good deal. Conservative offers are the best way to get experience.
Mike_Summey Hi Bob
BobMassing hi mike, sorry i’m late
sedwards I have been rehabbing until I came across your material. Your methods make sence, and I am now looking to hold onto properties
Elba_Tx Until we get to our dream home all purchases are investments Sol.
mike2 Mike, I was concerned how commercial development or a mobile home park might impact the residential area and rents.
Al Lee Elba, that is smart. I still own 4 houses that I once lived in. All are not good investmetn properties.
Doug_in_CT So are you gotta kick the rehabbing habbit for good sedwards or will you try a mixture?
Mike_Summey sedwards, the Weekend Millionaire way is slow, but sure. Just buying one property a year and doing it the right way will soon make you wealthy.
Mike_Summey mike2, those things affect prices more than rents. Homeowners and renters are different.
KenJ.onAI Mike and everyone, I want to be sure all the neighborhoods I’m looking in are safe for renters. How does everyone tell if a neighborhood is acceptable? I’m getting some feedback from some of the residents that one may not be all that safe.
Sol (Cali) Good one, Elba… but were you looking at it as something you were planning on moving in to? The reason I ask is because I’m wondering if there is a difference in the negotiability: i.e. is it harder to negotiate terms when the seller thinks you’re in love with the property and want to move in?
1099 So Al your old home that you once live in u made them investment properties?
ken Mike how active is the forum on your site I havn’t seen to much activity on it. i am finding some real estate forums very helpful.
sedwards Doug_in_CT I am tired of swinging a hammer. I will invest my time in holding now
Al Lee 1099, Yes, that is correct. Also, if you buy to live in it you can get a better loan than fo ran investment property.
1099 Thanks Al that what will be doing soon my wife and me
Mike_Summey KenJ, are you comfortable riding through the neighborhoods and talking with the people there. If so the neighborhood is probably okay. However, if you start getting a lot of negative feedback from people you talk to you may want to reconsider.
Al Lee Be careful of lying on an application and saying you will live there when you will not. There is a major FBI investigation into mortgage fraud going on nation wide
Doug_in_CT That sounds smart sedwards, I calculated that I have INCREASED rents on my properties by $700/mo. just this year.
Doug_in_CT That is a lotta hammer swinging over the course of a year.
Elba_Tx It was a deal we found with a bank. But to answer your question yes we were planning from the beginning to move into it. You can assure the seller that you want to keep the family orientation that the community already has and that your future tenants will have to meet those qualities.
Mike_Summey ken, the forum is not that active. I don’t have time to respond to questions in it, but others may.
Mike_Summey Hi Steve
Al Lee I have met rehabbers who did their worn work to save money and got injured. The savings they wanted were not worth that.
BobMassing after doing so much work on my personal home, i’m realizing that i’m too old to be a rehabber
Al Lee own work
BobMassing even tho i’m not that old
sedwards Mike_Summey I have the market in the range you recommend, however it has been extremely inflated due to the money banks were “giving away”. people are in farther than the properties are worth / will rent for. That is why I was inquieing abount the offer generator. Any other tips / suggestions?
Sol (Cali) Al, what about a situation where you find a home you would like to buy in order to rent out, but then decide it would be better to live in it for a while. Is it OK to look for rental properties, make low offers, and when one bites move in instead because you got such a great deal?
Mike_Summey Doug, as you continue to acquire properties, just do the math on what $25 rent increases can do if you own 10-20-50-100 properties. It gets to be very substantial. Plus you gain appreciation on the properties too.
Al Lee Sol, sure. whatever makes sense is fine. Just don;t lie on an application saying you will live there if you will not. It is ok to live in a house you got using an investor loan, that is different.
Sol (Cali) Al, thanks for the clarification.
KenJ.onAI Sol,
Mike_Summey sedwards, make the offers anyway. I once had a seller bring $42,000 to the closing in order to sell me the property. You don’t know what seller’s will do until you ask and the best way to ask is with a signed offer.
BobMassing Mike_Summey do you have a ball park percentage for insurance cost in the Carolinas when you’re running numbers on a potential buy?
Al Lee Most lenders for residential loans have lower interest rates for owner-occupied than for investor houses. Many buyers risk criminal charges by telling a little lie. They don;t realize that the lenders can and do follow up afterward and check on those things.
KenJ.onAI Sol could you buy with the investor loan and then refi with owner-occupant if you move in?
Mike_Summey Sol, nothing wrong with moving in yourself if you need a house & if you live in it for 2 years and later sell the profits are tax free.
Doug_in_CT I read an article from the venerable Ken Harney today entitled, “Some Declines In Resale Prices, But Hardly Reason To Panic” and he concludes his substantive aritcle with these words, “So although sales volumes in the frothiest markets have tanked, median prices in 70 percent of the nation’s metropolitan areas are still growing, and are likely to continue to do so. ”
Sol (Cali) Ken, if the offer was great in the first place, would I really want to re-fi?
sedwards I had spoke with Al last week you suggest 15 -20 yrs mortgage , Al says 30 is good. Why do you suggest 15 -20?
KenJ.onAI Doug who pays Ken Harney?
Mike_Summey Bob, I do because I have a large blanket policy and I know what it will raise the premium if I add a property, but before I was in that position, I just called my insurance agent and asked what the premium would be.
Al Lee I have an article that shows a study of 150 major US metro areas and the ones in Texas have appreciated 5-9% while the general US average is negative 1.2% with 45 markets showing declines.
KenJ.onAI Sol, only if you could get a better rate as an owner-occupant and put less money down. It would have to be enough to cover the cost of the refi. closing.
BobMassing Mike_Summey ok, but I don’t have an agent yet. Should I assume a certain figure, or will an agent work with me even if i don’t own the property?
Mike_Summey sedwards, Al likes to own money more than I do. I’d rather get the properties paid off as quickly as possible. I sleep better that way and it gives me much more options and leverage with the banks.
Doug_in_CT KenJ he is a syndicated writer on Real Estate, writes for the Washington papers, so I guess the Newspaper pay him. I also have a sneeking suspcion, having read many of his articles, that he is a buy and hold real estate investor.
KenJ.onAI Sol in my experience owner-occupants get at least 1/2-1/4% less rate than investors, and less points if applicable.
KenJ.onAI Doug - Okay, I was only asking because I like to know who is writing the article and consider the source.
Al Lee sedwards, Mike means that I like to “owe” money more than he does. We both like to “own” lots of it.
Mike_Summey Everyone, are all of you reading the articles I send the link to in my Monday morning reminder emails?
1099 Al did some research on the HOA in Charlotte, NC where I will be moving next year and just like you said they have there rules about what kind of fence you can put up
1099 Yes Mike
Al Lee 1099, in my book I have some horror stories abut HOS’s. Be very wary of them
KenJ.onAI Mike, are the articles posted on your website as well?
Al Lee HOA’s
Mike_Summey Thanks Al, for that clarification. I must have been having a glass of your wine.
BobMassing yes except this week
1099 Thanks Al I will be
Al Lee Mike, I am drinking coff tonight.
Al Lee coffee
Al Lee My keyboard can;t keep up with my fingers
Elba_Tx I really cant tell. What do you think Penny?
Sol (Cali) It just so happens that the area I’m in/looking at is so overpriced that according to the Offer Generator, most offers would have to be reduced about $200,000 or have 0% for 30 years to justify the full price. This is taking into account the average rent for houses in this area. Therefore, I think the only properties I could end up purchasing in the area are going to be seller financed. Standard bank loans get me negative cash flow according to Offer Generator…
Mike_Summey KenJ, yes, but they are on a one week delay on the website. That’s part of the deal with the newspaper.
Elba_Tx welcome corey.
Mike_Summey Hi Corey, where are you tonight?
Corey Hi Mike, Elba, just got to my hotel sorry for being so late
KenJ.onAI Thanks everyone for the chat. Appreciate it - good stuff.
mike2 Mike, I ‘m new at the web site, but I started catching up this week– I had trouble with todays link, but I found the article at Citizen Times.
Mike_Summey Sol, there are areas where that is the case. Usually if you look a little further out you can find better deals.
Sol (Cali) I read them on your website when I see a new one in my RSS feed, Mike.
Doug_in_CT Yes, Mike_Summey, I wait for the articles and read them greedily. My kids now have see through banks full of Sacajewa dollars, I’ll have to send you a picture. Your are right, kids love those golden coins!
sedwards Sol (Cali) sounds like I should get the generator so I don not make mistakes
Corey Still in San Antonio should rap things up here this month I hope. We have some deadlines to meet thats why I haven’t been here for a couple weeks
Al Lee Sol, if you get tired of looking in the overpriced markets to find cash flowing properties, go to www.buyRentHouse.net and consider buying in Texas
Penny no Elba, I would not have known either
Mike_Summey mike2, last Friday’s article has not been posted to the website yet. It will be posted this coming Friday.
Al Lee Sol, you cna even get a guaranteed return on those houses
Elba_Tx Sol, the potential for great returns could become addictive.
Mike_Summey Thanks Doug, I’ve heard that from a number of other people also. I look forward to getting the pictures.
Elba_Tx I started looking into Texas because of Al
Penny that is great Coug! I’m sure Mike will love hearing that.
Penny Doug
Corey Mike can you say how your project near the airport is looking?
Sol (Cali) sedwards, I think the Offer Generator is a small and smart investment to make when dealing with numbers like we see today.
Al Lee Yeah, Elba bought in Texas and then decided to move here!
Mike_Summey Corey, the architects are about half way through with the marketing plan. Nothing will happen until we find an anchor tenant.
Doug_in_CT Yeah I have to agree sedwards, If you can’t spring for the Offer Generator, you probably can’t spring for the investment property.
Sol (Cali) Al, I was really considering moving to Texas, but my wife finally nixed it. Now I’m looking in a bread and butter neighborhood in my home town in CA where we’ll move back to this summer.
Elba_Tx sedwards, specially when you have the different scenarios lined up. numbers wise
Al Lee Sol, most of the people who buy propertie sin Texas via my club do not live here. They are all over the US
Corey I am excited for you on that project. Mike I am working on some very large deals also in my business. If things go well I should have much more time for my realestate.
1099 Well family time to spend sometime with the BOSS ( MY WIFE IS HOME:o
Mike_Summey sedwards, the Offer Generator is very simple to use. You don’t need to be a computer whiz like Doug to make it work.
Sol (Cali) Al, I saw the turnkey properties on your web site, and it’s still a possibility, but I currently have an investment property in my home town so I thought I’d continue to work that area.
Mike_Summey See ya’ 1099
mike2 Thanks guys, I gotta go. Great chats!
1099 Good night everyone
Mike_Summey Goodnight mike2, see you next week.
sedwards Thanks Mike ,I am more of a handshake guy than a techno guy
1099 See u Al
Al Lee See you 1099
Mike_Summey sedwards, me too!
1099 U 2 Mike
Mike_Summey Not a big crowd tonight, but some very good discussion.
Corey Mike Hottie is in Wisconsin for the week thats why she is not here. We are never home!!!!!!!!!!!!!
Mike_Summey Corey, how’s Hottie, we haven’t seen her in the chats lately?
Mike_Summey Corey, you must be a mind reader.
Elba_Tx Time to put the little one to bed. Good night everyone it was nice to catch up with you all again.
sedwards I will get the generater this week, run the offers on the commercial building and present the offers. Hopefully I will have good news next chat
Al Lee Goodnight, Elba
Mike_Summey Goodnight Elba.
Corey I have put a huge load on her lately trust me she is sick of all the projects I have given her.
Mike_Summey Corey, you mean you make the money and let her spend it?
Sol (Cali) Mike, I was conisdering looking a little further out from this area, but I was hoping to find a great deal in the current area due to price decreases and changing markets. The question is, if I have a few hours on the weekend to spend, should I spend it in the nicer area, or move out a little further where it is less desireable (at this point it’s just practice..)
Elba_Tx Sol follow the working class.
Corey She is so crucial in my business for me. She really doesn’t. But like tonight for me this is getting off early. But she is like me and wants to get all of our time and attention to our realestate
Mike_Summey Sol, you may be looking at areas where you would want to live. Renters aren’t usually as discrimination as home owners.
Elba_Tx Corey do you write that because you know she reads the transcripts ?
Sol (Cali) Elba, the area I’m looking at is working class. If I go a little further out, it gets really dirty and the properties seem to need more repair. The problem is that the whole city skyrocketed in price the last 4 years.
Mike_Summey Sol, you may have to move a little further out and farm and area more than 10 miles away, but try to keep the area as concise as possible so you aren’t running all over the state.
Corey LOL LOL!!! don’t give away my secrets. Just today she is working on trying to secure somethings with a major manufacturer.
Sol (Cali) Mike, that’s probably true. I need to consider other areas too. My first impression, though, was that going a little further out I was finding properties that needed more repair and I was trying to avoid that.
Mike_Summey Sol, that’s not unusual.
Mike_Summey Sol, you will often find that good deals are good deals because they need a little TLC.
Elba_Tx 
:? oops
Corey Mike just want you to know we both think of you EVERY SINGLE DAY and are very appreciative of you.
Sol (Cali) Mike, as a beginner do you still recommend looking at properties that need TLC?
Mike_Summey Sol, yes. Especially if the TLC is only cosmetic…paint, carpet, etc.
Al Lee One thing to consider is that if you hae a good property manager you might be able to get repairs done much cheaper than the seller could. You can discount the price by the seller’s cost of repairs and then pay your cost to do the repairs. ALso, most appraisers will discount by 1505 of the estimated cost of the repairs, so you can get some good bargains
Elba_Tx Sol, I found mysel in the same situation when we were in NYC
Al Lee appraisers discount by 150%…
Sol (Cali) Al. what’s 1505?
Sol (Cali) Al, got it!
Corey I am doing everything I can to be full time realestate. When I hit that goal and can work as hard as I do in my business now you will know how serious we really are.
Mike_Summey Corey, I have no doubt that you will get there. It just takes time and patience.
Sol (Cali) Elba, did you make any offers in NYC?
Mike_Summey Hi wps, you’re late. We’re just about to wrap things up for tonight.
Elba_Tx No Sol too much for my pocket.
Corey I think of you all the time and in my head it says Mike would say patience right now.
wps sorry got in late
Mike_Summey Elba, what have you found since moving to tX
Mike_Summey wps, I’ve got time for a couple more questions if you have something on your mind.
Elba_Tx in terms of properties about 3 empty homes within a 5 street radius.
wps Just dropping in to see what was going on this evening
Al Lee My wife and youngest daughter were in NYC last week and my older daughter and Iwere in Texas. It was colder here than in NYC!
Mike_Summey Elba, how do the numbers look?
sedwards Thanks everyone, I will chat next week.
wps we are in NJ & the rental market seem to be soft Holding rental of a 2 family for 6 months
Mike_Summey I’m going to have to say goodnight. I have a busy day tomorrow and several things to complete yet tonight.
Mike_Summey See everyone next week.
BobMassing yes except this week
Elba_Tx excellent. in this neighborhood things are starting to pick upand that h goes for the rent too.
BobMassing good night mike
Corey bye mike
Elba_Tx Bye MIke
wps night
Mike_Summey Goodnight All
Sol (Cali) Goodnight.
Al Lee Well, goodnight all. Need to get going now.
Steve goodnight
Al Lee Goodnight, Elba
Doug_in_CT Good night from CT.
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