All Forum Posts by: Alecia Loveless

@Ryan Copeland Where I live I’m getting $200 per door right now so a deal at $500 per unit would cause me to seriously consider jumping on it! Just my two cents worth. At that cash flow if you find the right team you can even get a property manager and still have a great return on your investment. Best of luck!

@Steve Stanley Hi. I’m curious too as I have a somewhat complicated counter situation that my contractor can’t handle and I was considering Lowe’s too. It’s about 16’ long and has two tiers and back splashes in one area and then is pretty standard in the others but will likely require custom cuts.

Sorry I can’t respond to your specific question but hope to hear responses from BP members with advice.

Thanks!

@Sean Mooney The right bed and breakfast isn’t that bad of an option. You can make some money at it, have a place to live, and meet great people. I’ve owned two for 24 years, just sold the second one and it’s definitely a life style. But with a cell phone you have lots of freedom, you can leave notes sometimes for your guests if you won’t be there at check in time or make prior arrangements with them, there’s usually a down season and now there’s work-share trade sites where you can get a worker to come stay with you for anywhere from 2 weeks to a year in exchange for board or a small stipend and they trade you work such as housekeeping or front desk or gardening or all of the above to stay at your place and experience whatever amenities your location has to offer such as skiing, hiking, city life, etc.

All of this might make a bed and breakfast a great opportunity for you!

Hi. I've got experience investing with partners but I'm a newbie investing on my own. I bought a SFH about 6 months ago but due to circumstances with selling a large property it's renovation got put on hold. It's now back on track and should be done within the month.

I’ve located a solid B class 4-plex in another town about 30 minutes away that cash flows pretty well that I’m going to look at with my contractor in the morning. Both of us are surprised it has sat on the market for 30 days but he’s got some connections to call in that town to check on it if we don’t see glaring red flags tomorrow.

My question is this. Earlier this evening my real estate agent who has been with me for about 20 years texted me that he’s got a pocket listing on a duplex in my home town that has been being used as an Airbnb. Cosmetically I’m sure this property will be nice. Would I be crazy to pursue the second property as well as the first if nothing turns up wrong with either and the numbers run on both? Or as a newer investor would you recommend focusing on one with the original house just coming online now as well?

Thanks!

@Sean Byrd With the exception of the VA loan this property and it's information looks fairly similar to a four-plex I'm evaluating now in northern New Hampshire. The rents are very similar too. Given your location is different I'm not sure how things such as taxes and water/sewer would be different but my analysis showed that I felt my building was strong enough to keep doing due diligence on and I think you should keep pursuing yours too! Best of luck at your showing.

@Chris Fentiman Oh yes house was from 1908.

@Chris Fentiman Although it’s been about 20 years now so figure in some additional costs for price of materials and labor increases and inflation but I reroofed an 8000sq ft 3 story Tudor style house for about $20,000 removing shingles and replacing plywood as needed and laying an underlayment. If I had to guess I’d say worst case scenario in today’s money might be $40-45,000. So definitely get a few other estimates.

@Will Fraser The Littleton,New Hampshire area is nice. You have to be patient to find the investment opportunities but they’re out there. We’re centrally located to skiing, hiking, golf, fall foliage and more. There’s lots of restaurants and cultural opportunities and just a short drive to Canada and Boston or even New York City.

@Christopher Prince-Barry Get another couple of opinions on the remediation. I just removed two tanks and got widely varying prices from different companies for the same scope of work. Fortunately I had no contamination but saved about $10,000 in the end.

Thanks for the thoughts Ujwal. I don’t think I can fix the problem with my direct manager as he’s been after me since his second week on the job and treats all the women differently than the men. I can go back to HR and his boss and probably get him overruled again but then I still have to continue working with him which is why the best solution I see is quitting the position and perhaps leaving it that I will still work per diem and look for the part time job. My pay level isn’t so great that a part time job would be that much less other than the hours being less and then I’d have extra time for my real estate. Your insight  was very helpful.