All Forum Posts by: Charlie Anne

@Ivan Terrero have you bought empty lots since? That’s an interesting strategy I hadn’t considered. 

@Account Closed wow what a crazy experience! How has investing been going since then?

I’ve been looking for a turnkey rental and I may have found one!

I’m just a bit confused on how to include closing costs in the analysis.

What do you recommend?  I’m estimating closing costs of $4,500 in a sellers market so there’s no way they would pick up the tab. The cash flow for the first year after expenses is around $5k. That would make the 1st year a wash which is why I’m not sure about the deal.

Should I:

A) Add $4500 to the asking price and recalculate my numbers? Example: Offer $105k + 4,500 closing so total house price = $109500? 

B) Ignore it? Consider break even ok for year 1 since it’s in a location with around 8% appreciation.

C) other ideas?

@Steven Natera congrats!! That’s very exciting. Keep us posted on your progress.

Did you record the event? I would love to check it out.

@Jonathan Greene thanks for the insight!

How do you evaluate what improvements are profitable for rental units?

Assuming everything is repainted & clean, what is a good framework to understand the impact of:

-new kitchen countertops 

-bathroom updates

-landscaping 

-etc



What are some renovations you’ve done that have paid off?

What was a waste of $$?

@Canesha Edwards thank you for all of the insights on the Atlanta market!

Would you mind sharing your underwriting conditions? 

@Jonathan Greene what do you think of NJ for investing?

I live in NJ but the price of entry seems high.

This is a great question. I’m trying to figure this out myself. If my fixed monthly expenses were $700 (mortgage + property manager) I would want at least $1200 in rent. I am trying to get $500 in monthly cash flow or I don’t want to invest the time on it. I hope this is possible and would love to hear what others think about this.