All Forum Posts by: Elliot Terekhin

My new tenant has a dog and they have an ESA certificate from doctor. Can I legally charge them pet rent? its a big brown lab. In my understanding I thought you can't deny someone with a ESA but you should still be able to charge animal related rent and fees.

Im located in Vancouver WA if that makes any difference
 

@Kristen Graham thank you!

@Bjorik Mutize i think if the numbers made sense why not. however i wanna either scale up or try a rehab property

@Mike Hendrickson about $1350 per door

@Greg Earnest hey thanks for reaching out. i was able to rent it out back in the summer so i’m not sure about winter

the advantage of 5% was no monthly mortgage insurance payment

hope it helps

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Vancouver.

Purchase price: $360,000
Cash invested: $35,000

its a brand new built duplex, first time buyer! located in downtown area of Vancouver WA. im pretty excited to get in this space and continue growing.

What made you interested in investing in this type of deal?

im an electrician by profession and am always surrounded by construction. I have a few mentors that advised me to start like this with the amount of cash i had

How did you find this deal and how did you negotiate it?

my agent sent this to me through MLS. we were bought at the peak of the market in an already expensive market, so there was no room for negation.

How did you finance this deal?

conventional loan 30yrs. 5% down

How did you add value to the deal?

ive done some of the work myself, and I've traded labor with a few contractors that i have really good relationships with. we added nice life proof flooring, quartz countertops, extended the kitchen, backsplash kitchen, a nice modern-looking horizontal fence

What was the outcome?

we moved into one side and were able to find a renter for the other

Lessons learned? Challenges?

i probably shouldn't have invested any other money in the property since it was turn key, however, ive only done the upgrades in the unit that i live in