All Forum Posts by: Charles Kiser

Do any of you all have rules regarding offer price? Like 85% of asking or anything? I realize its depending on location and need.  I also know about the 1 to 2% rule but was really looking at offer prices on what I am planning on living in and not necessarily investment property.

Not afraid of confrontation really as I bought one of those barking things that's supposed to stop it but dog just barks at it till it runs battery down...lol...i told neighbor I was doing it.  I just don't think she is considering neighbors when it just sits out there and barks.  I agree I shouldn't bear the cost of this but I am sure it will become an issue with my tenants when I rent this place out and was looking for a solution beforehand.  It's kids dog next door and I hate to call animal control on them but may have to.

I have recently bought a place and have decided to rent out my house that I'm currently living in.  There is a dog next door that barks constantly.  Should i Iower rent to accommodate the inconvience of my future tenants as it bothers some people.  I have become used to it and immune.  

I decided to just buy a single family home.  After researching on this site i don't think the numbers could have gotten where i needed them to be.  Thanks for everyones input tho.

Would you be willing to share instructions?  I have found in area I am in people may not be as internet savy as rest of world.

Interesting. I have a cozy account setup but was a but concerned about using them since I didn't really know much about them.  But it seems like everyone really likes them and that makes me feel alot better.

Ok I see.  If I was to offer $262500 for property it would probably anger the owner (lol) but that's what it would take to make it a 1% deal happen.  Like I said I am very new and had to look up the 1 to 2% rule. So it looks like it's not the best deal but since I want to move to area for personal reasons if I can get it to 1% for all 4 then I may pull trigger on it. 

It is market rate for the area altho I will be exploring moving it to $695 shortly.  The trash removal is the only utility that is owner paid. Since i recently built the duplex that I'm renting out I'm kind of cash poor but I am financing it for 30 yrs and using equity on another property as the down payment if that makes sense.  I'm basically getting in no money down.  In my very basic math on this I should make around 300 to 400 a month on this since I will be living in one.  Obviously if i moved out the cash flow would be much greater.

I am new to this rental game.  I built a duplex and have been renting it out for 6 months and am now looking at buying a 4 plex to live in 1 and rent the other 3 apartments.  What do i need to ask for from owner and what kind of return do i need to be successful in this venture? I'm looking at a property that is listed at $300k and is fully occupied at  $650 a month rent. It is 10 yrs old as well.  I know there are a 1000 other things I need to find out but honestly don't know where to start to make sure this is right deal for me.  Any advice?