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All Forum Posts by: Brooks Rembert

Brooks Rembert has started 21 posts and replied 220 times.

Post: VA Renovation Loan a Dream Come True?

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

@Randall Justus I haven't tried yet.

Post: Submitting an Offer for Primary Residence

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

@Jaron Smith good luck. I hope it works out as planned.

Post: Tenant Wants to Replace Appliance

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Young, naive, newbie landlord Brooks once had a tenant who offered to buy a new stove. All he wanted was a $50 a month a month reduction on his 12 month lease.

"$600, but a new stove and no installation costs... sure why not."

Guess how the story ends... 

Tenant trashes the house while never paying rent on time.

Oh... and no new stove.

My advice? Do it yourself, under your terms.

He rented the place with the current dishwasher.

Tell him to live with it until YOU decide to replace it.

Post: Realtor asking for a higher commission

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

I would look for another realtor.

If you wouldn't be happy with the 2.5% - 3% commission, then why list it?

Pass it on to some young, hungry, upstart who needs a listing to jumpstart their career.

Post: I’m just starting to learn real estate investing

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Hi @Gabriel Dominguez, welcome and good luck.

Your friend steered you to the right place. BP is a phenomenal place to learn.

Keep us posted!

Post: Tenant is not paying the rent after lease expired

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Uh... evict?

Post: House Hacking in Northern Virginia (NOVA)

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Hi @Aaron Patron, welcome!

I'm not sure of a specific house hacking network, but there are plenty of RE meetups, etc. around.

Best of luck.

Post: BRRR + House Hack + FHA

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Hi @Nathan Hui, I'd look more closely at using any hard money with an FHA loan. With FHA, you're required to live in the house for at least a year and I don't believe you can't refi within that time either.

Have you looked into an FHA 203(k) loan? You can roll your reno costs into the loan.

Post: Hello from Reno, Nevada

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Hi @Scott McGuire

You're in the right spot. I've been a member here for years and have made some great contacts.

Best of luck!

Post: Buy and hold and a lot of luck

Brooks RembertPosted
  • Rental Property Investor
  • Woodbridge, VA
  • Posts 229
  • Votes 124

Hi @Chris Prichard, what a success! Congratulations.