All Forum Posts by: Christine Mwai

Wanted to see what others are doing or have done as far as providing appliances ( some or all).

1. Do you provide some or all.

2. Does that help or hurt you as far as improving marketability or increasing repair expenses.

Thanks for any and all responses. I was reviewing and see that in the last 3 or so years, the  calls I've gotten from tenants are 60 % related to appliances....example, Ice maker is not working, fridge is leaking. 

I'm listening and thanks each above. To clarify or answer, the are a possibility in the future, but not necessary in this market for a rental. The type of updates would not increase rent by much more in this scenario. As far as the vacancy rate here, it is "put a sign in the yard" and I get 5 calls a day.

So I rented one of my properties to a lovely family. Did my due diligence etc...They were coming off of Section 8, but I did verify their income etc.( income increased)... Oops, husband lost his job 1 month into the lease.3 months in  now and I get a call every other week about stuff that they suggest should be updated. This is a property in a great area and I had many interested in it. It is in great condition... I will not, and cannot update every single thing. It is a rental, if they want customization, buy your own home. - done with my rant. I did a 6 month lease, am I over-reacting?.. or should I not renew? The rent is payed on time, but the expectations are not typical. 

I thought Habitat for Humanity gives free houses built by volunteers...  :) 

Interesting scenario. Are you not able to list the SFH with the tenants in place?( if the tenants are good, cooperative and want to stay) Maybe sell to another investor that wants a buy and hold?. just curious. Or still list if they will be moving and offer a discount for their inconvenience?

Thanks to each of you and for the great feedback above! I appreciate it tremendously.

Thanks. My credit took a big BANG, rebuilding it slowly but surely. I have great free and clear properties. If you know of any lenders that are able to do an asset based loan/ cash out, kindly let me know. (My properties are in AL).

I'm looking to sell one of my rentals because it is free and clear and even though it is a great property in a great neighborhood, I think I could do better on the cash flow. These are my questions and I appreciate any and all feedback..this is not something in my comfort zone, but always learning.

1. I was quouted a fee of $1000 by an online company I called.

2. Since the premise of a 1031 exchange is that the 3rd party holds the funds from the sale of property "A",  how do I find a company I can trust with my hard earned money.

3. Can one add funds from what property "A" sold for to buy "property B"... 

4. Can the funds added be from someone other than me, the original owner of property "A".

Thanks for any and all input. This is not an area I am familiar with so give me grace if my questions sound off.. 

I did not know 150 to 160 points is considered a minor impact to one's credit. Nor did I know FHA loans now approve a score of 500. Kindly list lenders that do FHA 500 score loans.

Michael, try going to  open houses in your desired area of investment also.. I've met several really helpful people that way.Best wishes!