All Forum Posts by: Aaron Sadler

Looking for a contractor to give us an estimate on a 14 unit Apt complex. In the southern part of OK. Plz message me.

Looking at a property in Jamestown NY and we are looking for a real estate attorney for deal. Please list details of fees and costs and a reference to someone you have worked with before. Thank you.

@Andrew Powers We have local people in place, but will primarily managed through VRBO/AIRBNB

@John D.Thank you very much, we will keep that in mind!

Looking at various investment properties in a few different States. I'm making a list of property taxes per state, and I was wondering if loan APR varies per state, or is there a basic range if you have a credit score greater than 770.

Any insights would be helpful.

Awesome, Our current pool guy has been great so far and very insightful for us. We are almost up and running and should be running by mid March. Excited to see what kind of returns we get over the next year and take on this new investment. Thank you for your honest reply. It has been insightful.

Investment Info:

Single-family residence buy & hold investment in Lake Havasu City.

Purchase price: $309,000

First Investment Property, Buy and Hold using as a STR property. Got well under market value, currently putting the finishing touches on it and will have on market by March to mid March.

What made you interested in investing in this type of deal?

We were looking for something to house hack as our vacation home as well as use it as a STR property. The deal was well under market value and it was too good to pass up. Previously owned by a single elderly woman, the house was in great shape, just needed minor fixes, and updating. Also walking into it gaining about $60 - $70k market value was a no brainer.

How did you find this deal and how did you negotiate it?

Through our realtor

How did you finance this deal?

We did a conventional loan, as a second home (vacation) 20% down. 2.75% interest rate.

How did you add value to the deal?

Minor updating, new carpets, new shower, new paint, new pool equipment.

What was the outcome?

Almost done furnishing, will be on market in early March if all goes as planned.

Lessons learned? Challenges?

It was challenging to not get emotionally attached, as we will use it ourselves as well for family vacations. But just do the minimum and most cost effective things to make it a great property without going overboard on in the pocketbook. All in all, we talked to a couple mentors and it made sense to spend the minimum and see what returns we get before investing premium money into it.

Just bought our first vacation/rental property in Havasu. A few questions...

Are you using Airbnb or VRBO?

Can you share your cleaning contacts for home and pool?

What is your average per night price?

Talking to a few people about their preferences and contacts, gathering information.

Thank you, Sincerely

Aaron & Rebecca

@Robert Matelski @Ramon Flores Thank you for the information. This was very helpful, to get a reality vs internet point of view. 

Question for anyone local to Euclid, Ohio?

I see a lot of nice places for rent on Zillow, and they have been on the market for 30-90 days.

My question is: How easy is it to rent in that city and why are these places not renting? Is it price points? Any local insight would be helpful, as I’m looking to invest in the Euclid area.

Thank you all!

@Makani Romano 

@Kevin Zolea

@Andrew Syrios

Thank you!! Excited to be a part of family.