All Forum Posts by: Blake Hendricks

Wow, that is actually quite interesting. As for as the deal, I am looking at a very juicy 19% ROE but a very poor CoC of 1%. Over here in Jersey, this deal isn't necessarily a SCREAMING deal but over the course of 6 months in searching.. it's definitely top 3 haha.

Hello Tim, thanks for the input! When offers were due, 37 offers were submitted! The house is a great rental due to recent renovations and location so it just stood out fantastically. Now that was before this disaster and being this is my first time trying to buying a home, I don't want to take a massive lost.

Hello, first post! I am placing an offer on a 2-family home and my concern during these times is if it will be difficult to find a tenant.

A little background. House listed 400k. I offered 460k and lost. Jersey for you. 2 months later(today), listing agent contacts next 3 best offers. I have 1 offer ahead of me apparently.

Part of the unit I'd rent out is a 3bd/1ba for $2100. Before the pandemic, this amount was reasonable. But now, it may not be the case due to the tremendous amount of layoffs and I would not like to have a vacant unit for x months nor would I like to decrease rent.

Would you take this risk? Risk being you might win on a great house due to the pandemic (other offers getting denied for mortgages) but have trouble finding tenants that make up the majority of the mortgage.

edit: title was too long. month*