RE: LeoThread 2025-09-12 12:20
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Joys of Real Estate...
Just spent 30 min on phone with Home Depot after the new frig I bought came damaged. It happens, depot is rather good about remedying this. #business
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I always think about getting into the game for the leverage and all but then I read another landlord story and think I better not.
Yeah, it has its ups and downs. That is why private lending to real estate investors is better. No headaches, I plan to flip to lending in the coming years so I'm making 12% on my money as opposed to paying 12% for borrowing on my deals.
Interesting. I will have to look into that market
Have you ever gotten into buying or selling mortgage notes?
Nah, I looked into it briefly and used to know someone that does. I plan on doing private hard money loans to investors like me once I spot actively acquiring real estate.
The best frig I ever had was a damaged one that I negotiated a discount on (damage was cosmetic--not functional) during COVID.
I think they were so happy to have a customer, they would have almost given it away!
Hahaha yep! Cosmetic damage I don't care too much about unless it is for a house flip. Rentals its fine I just call depot and have them give me a discount credit, usually 10 to 20%
One big plus dealing with larger companies as they often don't give a big stink about damages like this as they can more easily absorb the cost compared to a small shop.
Yep, depot usually gives a discount for cosmetic damage if you are willing to keep it rather than deal with having it returned and replaced. This one was for a rental so took the discount.
Half an hour with Home Depot support is a drag, and and a dented unit on day one stings, but they usually make the REplacement smooth.