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Updated over 9 years ago on . Most recent reply

User Stats

83
Posts
45
Votes
Roger Laughary
  • Rental Property Investor
  • Wichita, KS
45
Votes |
83
Posts

Buy and Hold Purchases - Seasonal?

Roger Laughary
  • Rental Property Investor
  • Wichita, KS
Posted

All,

I would love a little advice please.

I had a deal fall through and am now looking for another one but in the back of my head, I am a little concerned with trying to rent something in November/December because of the weather. If I were to put a contract on something in the next couple weeks, I wouldn't close until late October, and surely I will need to do some repairs based on how I want to buy something. This puts me into November/December before having it available. With it usually being very cold in December here in Kansas, plus the Holiday season, it concerns me. Is this something I should even be concerned about or is it a valid concern? Would you wait until December to put a contract on something so it would be rent ready in January or February instead?

Thank yo so much for your feedback. I'm a newbie and it means a lot for experienced investors to be willing to help a brother out.

- Roger

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