All Forum Posts by: Brian Ontko

Market value vs investment value. Will there come a point, where out of state money will pay over market value, if it’s still a better investment than they can find locally? I own a duplex in Ohio that’s worth about 75,000, it’s fully remodeled and rents for a combined 1,400 month. Taxes/insurance are just under $100 month. With certain markets going crazy, do you think there will be a time where an investor would be willing to pay 100,000 for something only worth 75,000 to someone local? It would still cash flow for them, and would be a lot lower barrier of entry than the higher end markets.

For the sake of argument let’s say they can’t find one on the mls, or at the 75,000 price range it has half assed maintenance and iffy tenants. Would you pay 25,000 over market for a sorted out rental that cash flows?

@Narmada Ramesh if it’s a short term rental you could probably skip the radon, also testing can run around $200-300 while a mitigation system is around &1000-1500. So if you’re in a high radon part of the country it might be a good idea to just get a mitigation system and skip the testing. If you decide to get long term tenants or move in yourself, remember radon is the 2nd leading cause of lung cancer right behind cigarettes!

@Noah Barba hey Noah, it most likely has lead paint. Don’t let that scare you, and I wouldn’t waste money on an abatement as it will probably price you right out of the house. Encapsulation works just fine, in fact I’d bet it’s already been encapsulated. If not you can’t just paint it yourself as the owner you’re usually given a pass as long as your not lining the neighborhood children up for free lead paint chip snacks.