All Forum Posts by: Brian Oberg

So, if the rent is 1500 a month currently, maybe raise it to 1550 a month (600 a year increase), but offer 300 off a month with a new year renewal, something to that extent?

We currently own three investment properties (SFR) and looking to expand that by at least 4 this year. We have always held it to be a good business practice to not raise rent on current tenants when the renew their lease for subsequent years. Our thoughts were it is better to keep the rent where it was and keep the tenant for another year (or more) rather than take the chance for them to move over the higher rent and then have to go without a tenant for a period of time that would exceed the amount we would have made with the higher rent. Are we doing this wrong?

We currently own 3 investment properties, 2 in TX and 1 in KY. We live in KY, but are TX residents (I'm on Active Duty for the Army) and will be remaining in KY after I retire in a few years, in which we will become KY residents. We are expanding our portfolio this year and will likely be outside of KY. Where would be the best place to establish a LLC?

Can you successful conduct a BRRRR on a manufactured home by increasing the value and turning them into a successful rental property? As I am looking for deals, I am seeing a lot of MFG homes that seem to have the square footage to add an additional room or bathroom. What I am wondering about is if because the are manufactured, can the value be raised? If not, it wouldn't seem like the BRRRR process would work.

@Charlie Cameron thanks for the note and connection.  As I am nearing retirement, our first goal is to be able to replace the difference in my military pay now and what it will be when I retired.  Thanks for the suggestion about David Pere, I will definitely check out his page and site.

I wish I had created the intro a week earlier, I was in your neck of the woods this past week for some training at HF.

@Kevin Hunter @Doug Spence @Aigo Pyles @Andrew Syrios Thank you all for the kind welcome, it is very much appreciated.

@Dalyn Hazell thank you and thanks for the two names you mentioned, I’ll definitely try and connect with them. Much appreciated.

@Marlen Weber thank you.

Good afternoon. My name is Brian Oberg, my wife and I are semi new-ish to real estate investing. We currently live in Elizabethtown, Kentucky. I am a career Army Soldier who has purchased primary residences were we have been stationed with the intent of turning it into an investment property. Over the years we have owned four SFR investment properties, however sold one as it turn out to be a money pit (it was my first home purchase and learned a lot from the experience, so not a total waste).

We just finished our first book from BP, "How to Invest in Real Estate" and are beginning our journey towards increasing our investment portfolio as I am nearing retirement from my first career and we are settling down. We are excited about the opportunities investing in real estate brings and looking forward to working with the BP community. 

We currently own two SFR investment properties we originally purchased as a primary residence and since turned into rentals. Both are on 30 year fixed interest rate loans. With the interest rates low right now, we could refi the loans and drop 1 and 2 pointes respectively on the loans, take out the equity in the homes (~$100K) total and reduce the monthly payments, therefore creating more ROI each month. My concern is it would be taking the loans back to 30 years (1 has 15 years left, 1 have 20). Doing this would obviously reduce the monthly payment and create the increased cash flow.

Since they are investment properties and both have a strong rental history, this seems like a good move to create cash to invest into other investment properties.  This seems like a smart move, but would like any advice on it as we are new-ish to real estate investing.

Thank you for in advance your time and responses.