All Forum Posts by: Harry Zhou

2/1 rents asking for $500, rent-o-meter comps are over $600. BUT VACANT since Aug, what else do you need to know? 

The key question is if this realtor is trustworthy. Have you worked with him o r her before?

The key question is if this realtor is trustworthy. Have you worked with him o r her before?

@Jonathan McKay Please let me know if you meet some good people there. I will visit Indy in late Sep. We can grab a coffee any time in SanFran

@Jay Hinrichs I looked at a lot of listings from reputable TK providers. Most of the "out of the loop" SFH rents less than one percent of the asking price.

Say a 120K house rents for 1100/mo, is that still a ok/good deal in your opinion?

Not now. Where do you find cash flowing properties in Concord? 400K house rents for 2K.

@Mohammad Sheatt Thanks for the input, the quote is for laminate. Material is a little more expensive than vinyl.

@Jarvis Smith Do you invest/rehab in Indy remotely? Like to connect.

Hi dear BP family

I have a newer 2006 house under contract and need some cosmetic rehab (Indy). This is a mid level 4bd home about 1990 sqft. We are projecting a 1250 to 1300 per month rent. Here's the first quote I got:

Upstair bedroom and staris New Carpet Throughout, about 1100 sqft, -- $1,860

Paint Walls tan color and trim and doors white, light drywall work included -- $3,520

Laminate flooring throughout kitchen, living, dinning. About 800 sqft, -- $4,845

Power wash home with a bacteria killing agent -- $350

Looks like some of the quotes are higher than California. Is this rate reasonable? Would you suggest get another quote from a different contractor? Any recommendations? Thanks!

@Antoine Martel I am also looking into Sacramento market. Please let me know if you find any good connections.