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All Forum Posts by: Boffill Yosleys

Boffill Yosleys has started 9 posts and replied 22 times.

Post: Looking for a General Contractor

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Thanks ! I appreciate it. I ll reach out.

Post: Looking for a General Contractor

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Hello there folks! Looking for an investor friendly contractor to finish up a rehab project in the Chattanooga area. Any recommendation will be highly appreciated. Thanks!

Post: Looking for an investor friendly residential appraiser

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Hello there folks! Looking for an investor friendly residential appraiser in the area of Cincinatti. Please reach out. Thanks!

Post: Property manager for medium term rentals

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Hello folks ! I have a nicely remodeled house in the Highlands , Louisville Kentucky already furnished that I am looking to rent as a mid term rental. Any contact will be highly appreciated.Thanks.

Post: Stuck with a House for sale since November

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8
Quote from @Andy Sabisch:

How did the open house work out?  Did you get any interest or feedback from local buyers to help you determine a path forward?

Nothing yet . We added the incentive for rate buy down and also decreased the price more. I had a proposal that I could refinance if I put 50k down and rent it out for a year or so before coming back to the market. More like a long term play. But I don't I will be leaving a lot of cash in this deal for a while

Post: Stuck with a House for sale since November

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8
Quote from @Bill J Fay:

Sounds like you have received some great feedback already. Many investors wait to put their flips on the market until after the holidays in Colorado. I would chat with your Agent to see what they recommend next year. It is super important to put your best foot forward the day the property hits the market. Overall, it looks like a beautiful property but the listing is stagnant and raises red flags no matter how great it looks. I would explore renting it out for a year or drop the price heavily to cut ties and sell tomorrow. 


 Great comment! That's what I tried at first , refinance it , and keep it. But the rent will not cover my mortgage in this so I ll be negative every month for a year. So I came back to the market. 

Post: Mid term rentals property management in St Louis

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Hello there folks! I got a six unit multifamily building that I am trying to get a mix of long term rentals and mid term rentals but I am struggling to find a company to manage the mid term units. Any contact will be highly appreciated. Thanks

Post: Mid-Term Rentals Management in St Louis

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8

Hello there guys I have a six-unit multifamily building in St Louis where I am trying to do a mix of long term rentals and mid term rentals. However, I am out of state and I m struggling to find a property manager for the mid term units. I listed on Furnished Finder but no bites yet,I need an expert is my first mid term. Any contact will be highly appreciated. Thanks

Post: Stuck with a House for sale since November

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8
Quote from @Brett Tvenge:
Quote from @Anil Dham:

@Boffill Yosleys

Rehab looks on quality to be ok. A few suggestions

1. The pic w the back of the front door showing 5 or 6 locks doesn't convey a good look of safe neighborhood or any attempt to make a door attractive.

2. Kitchen island has minimal dining space as it lacks any overhang and most of it is taken up by the cook top

3. Basement elec panel needs trim around it and ceiling looks like it was patched and is hiding a leak. Basement also has some dusty looking floors and drywall not done.

I don't think someone is not making an offer because of these minor items. I flip 25-30 homes a year and these are just easy things to point the finger when things don't go as planned. 

The biggest thing I'm noticing with this listing is the desirability of the neighborhood is extremely low. I'm only seeing 3 sales in the last 100 days in a 1.5 mile radius and 2 of them are condo/apartments. 

In my market if there is such low action like this, I'm accounting for that in my true ARV and holding cost because it's a waiting game at this point for you. I would have aggressive priced this from the beginning much lower. 



 Thanks.  I share your opinion.  The pricing wasn't the best since the beginning and that was my fault.

I m just hoping for the minimum loss possible at this point and use it for tax purposes....

Post: Stuck with a House for sale since November

Boffill Yosleys
Pro Member
Posted
  • Posts 24
  • Votes 8
Quote from @Anil Dham:

@Boffill Yosleys

If it were me..I'd pull the listing for 2 weeks, complete the changeable things, take a few new pics, and make the listing magically reappear April 1 and feel like a new listing.


 We got an open house tomorrow.  If it doesn't sell this week I gotta do something.  I appreciate the feedback