All Forum Posts by: Brendan Flannery

I found a duplex, with good numbers that is located next to a funeral home.  Has anyone had any experiences with a property like this, will it affect rent prices?

I love the advice.  Lately I have found myself with paralysis of the analysis.  I find what I think are good deals and then start to analyze, go through worst case scenario, and in the mean time the deal already has an offer on it.  Then the other hurdle is time.  Working 12 hrs a day and trying to spend time with the family does not leave a lot of time left in the day, but success takes sacrifice. 

@Vijaianand Thirunageswaram Thank you for the morning motivation!

I am interested too

@Aaron K. thanks for the input. I will definitely take those numbers into consideration.  I already received the quotes for the work to be done, but I didn't include any hidden costs that I may not have found.

@Nathan Platter Thanks for the analysis of my numbers.  I will keep you guys updated.

I am finally ready to buy my first rental property.  I just need to know what everyone thinks.  The house I am looking at is 125K, but needs paint, carpet, AC, and foundation.  The total for repairs is about 11K.  I can get a loan for 136k with 15% down @ 6%.  After repairs the property would appraise for $160k and I would rent for $1400.  I just need some advice, and motivation to do this deal if it is a good one.

Thanks

I finally think I am ready to buy my first rental property.  I just need to know what everyone thinks.  The house I am looking at is 125K, but needs paint, carpet, AC, and foundation.  The total for repairs is about 11K.  I can get a loan for 136k with 15% down @ 6%.  After repairs the property would appraise for $160k and I would rent for $1400.  I just need some advice, and motivation to do this deal if it is a good one.

Thanks

I am finally ready to buy my first rental property.  I just need to know what everyone thinks.  The house I am looking at is 125K, but needs paint, carpet, AC, and foundation.  The total for repairs is 11K.  I can get a loan for 136k with 15% down @ 6%.  After repairs the property would appraise for $160k and I would rent for $1400.  I just need some advice, and motivation to do this deal if it is a good one.

Thanks