All Forum Posts by: Beau Alesi

Meant to read "they were originally suppose to have 5"

Hello. So we own and inline hi ranch . We have a bangledesh family who lives there's. They have a total of 7 people living there . The were originally suppose to have to but had 2 more family members come over feomt thier country . We are charging $2,500 . They pay utilities and we pay water. They house is in very good condition. I drew a quickly lay out . Sorry for not measurements on 2nd level. Kitchen is not size and walls were blown out so it's open . Bedrooms are about 10'x12' if I had to guess . Appliances were new and everything was in very nice condition when they moved in 2 years ago. Do you think we're charging too little ?? Thanks 

 Thank you and do sincerely appreciate your feedback. So to get an investment deal the house needs to be bought at below market value I'd assume, correct? Why would or does a house ever go for LESS than WHAT someone COULD get for it?  House worth $300K as is but is being sold for $230k. Never happen I'd say. Or even a house going for $300k but fixed up could go for $500k and needs $100k worth. Would not be on market very long at all I'd say. 

 Thank you appreciate it. I don't mind being a landlord. I would love to own multiple investment properties but was always under the assumption that you had to have an inside track that the general public does not have to get these. Have stable W2, EM fund and 401k with good amount $.

 Thank you, appreciate it.

 Thank you but I'd imagine not easy to find good deal easily.

 That's nice of you to share that advice, thanks. By properties you mean investment properties I assume?? I imagine it's not that easy at all to find investment properties. 

 The tenants are good .My wife thinks it makes more sense to keep it. We could walk away $240ish now but in 10-13 years we could potentially walk away with double that or close.

Hello. Me and my wife own a house which is almost like a 2 family although not officially a 2 family . It has an accessory apt permit. We rent the upstairs and the accessory apt and get $3,600 between both . Our mortgage is about $280k balance and roughly $2,900 with taxes and insurance .The current family that lives there offered us $550k and that’s about what it’s worth. We are trying to decided if it’s worth it to keep the house being that we walk away with about $700 profit as we don’t pay and of the utilities . There is a maintenance factor that needs to be considered . I do understand that . I thought I came across something once ,like a calculation that determined whether a house was worth keeping as a rental. Any thoughts ? Thank you very much .

I truly appreciate your help and feedback  . Can we speak on phone ?