All Forum Posts by: Bryan Beyers

Hi Angie, I'm actually looking for the same thing in the Denver area. I was planning on just cold-calling a bunch of cleaning companies to discuss this, but if you found someone I'd welcome that information. Let me know!

Good evening BP crowd,

I'm traveling to the Dallas/Fort Worth area next week to meet with my realtor because I'm interested in long-term rentals in the area. If anyone has some free time on Friday (July 5th), please feel free to reach out. I'm new to the area and looking to build a team/network. I'm open to partnerships if anyone is interested in chatting. Also, I plan on meeting with a few property managers while I'm there. Any recommendations are welcome.

Bryan

I'm going to be listing my house for sale in a week and a newish neighbor has me worried that he might drive away potential buyers and I'm not sure what to do. He is constantly parking his vehicle (and others) in the street and works on them all day which I'm pretty sure is illegal while blaring terrible music... What should I do?

@Troy Turkatte

Thank you so much for the detailed response. My question was in regards to assuming monthly rent, home value and monthly expenses appreciation over time. Basically, once you determine your numbers in present day, do you forcast growth in those numbers over time? Or do you assume they stay constant?

What do you typically do for estimating rent, home value and expense increases over time in your analysis?

@Chris Habets, I was living in the home and basically had a roommate who lived in the basement. If I were to keep the home as a rental, it would be for the entire house (once I move out).

@Jaysen Medhurst

I'm sorry, I should have clarified... When I rented the basement out, it was just a roommate of mine while I occupied the home. The basement is vacant now because I plan to move out of the house. I wouldn't be looking to rent them out separate, I would rent out the entire home.

I'm in the beginning phases of getting into the rental real-estate market. My current residence is the only property I own (single family), however, a new job has left me with a long commute and I'm looking to move.

1) Should I keep my current residence as my first rental, use the equity (total equity is ~90k but would only be able to tap into 50% of that from what I've found with cash-out refis) as leverage for more rentals and have a small cash flow of about $50-100/month? I have already recovered my entire down payment through renting out my basement (FYI).

2) Sell the house, take the ~90k in cash (minus sale fees), and use this to invest in higher cash flow rentals?

About the house:

-Purchase price: 285k

-DP: 15k

-Basement rental income to date: 22k

-Fully remodeled on the inside

-new roof, AC unit, kitchen appliances and furnace (4k out of pocket from me for upgrades etc)

Any advice would be greatly appreciated!