Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

707
Posts
560
Votes
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts

I may have a haunted house, what to do?

Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Posted

My contractor called me yesterday on a house we own out of state and said "You should check to see if your lot used to be a cemetery, I think your house may be haunted".  

A little background, we bought a house in January that we were planning on using as a summer retreat from the Phoenix heat. It's a nice house on a big lot in a nice suburb of a city we are very familiar with. The original plan was to use it in the summer and then STR Airbnb it in the fall/winter/spring to help cover the expenses. I immediately contacted the neighbor on the lot over whom I've known 20 years and she said she has "seen some things, but they are not harmful".

So this leads to my question of what would you do in my position.  Here are my options

1) Sell the house, purchase price plus repairs total at 250K, I can probably sell the house for 290K.

2) Rent the house, my monthly PITA is $1400, market rent is 2200-2400.

3) Execute the original plan, make friends with the ghosts and move forward.  Airbnb nightly rates for a house that size in that area is about $300 a night.  To break even I need about 7 nights a month, everything after that is profit.

Let me know if I'm not thinking of an option.  I realize all options are not horrible.  

Most Popular Reply

User Stats

5,071
Posts
5,128
Votes
Scott Mac
  • Austin, TX
5,128
Votes |
5,071
Posts
Scott Mac
  • Austin, TX
Replied

Maybe you can get an upcharge for a "Haunted" rental (???)

Loading replies...