All Forum Posts by: Abdul John

I think Max and Todd make excellent points. One mistake i made with my other rental is putting too much of "me" into it. Thanks for the responses.

My location is close to a military base. That would be the market I would want to rent to. Most of the service members with kids live in base housing. I think I will do it, just want some extra feedback.

I am planning a remodel of the condo I currently live in, with plans to rent it in about 4 years. Its a 2 bdrm 1.5 bath ground level. The complex is townhouse styled with about 200 units. There are some families, but the majority of the residents are working couples or retirees. 

I have done a bath room remodel before and did a tile tub surround. I personally hate bathtubs, and especially shower curtains. I would much rather remove it and put in a fancy tile shower with maybe a hotel style frosted glass partition. The area is large enough that someone could still wash a baby inside a plastic tub if needed. My questions is how much of a risk on resale, and renters would it be to not have a tub at all?

I too was interested in manufactured homes. Specifically in FL. I have one rental that is a rancher, but I think my next will be no more than 60k. One thing I read was that insurance may be more expensive. Specifically because the high risk of total destruction in case of fire.

Hello all. I have a question, but first my background. I currently have a rental that is about valued at $86k and my debt is $94k. I bought in 2008 and have had decent occupancy since, but have not came close to turning a profit. My current job allows me to maintain a decent lifestyle and save, however I only have 3.5 yrs left on the contract. I am looking at about $56-60k of savings once i'm done. 

My current condo I live in has an appreciation of about 5% annually (Hawaii) and I plan to sell or rent out in the next 4 yrs. 

My question is what should I do with the savings.

1. Pay down extra on the principle of my first property.

2. Pay down extra on my current loan.

3. Use the money down on another property once I move/ sell my current.