All Forum Posts by: Gene Fish

It's been very easy to rent but I'm not sure if the numbers justify keeping it.

Our Tenants are moving out shortly so I'm evaluating now.

I would be able to sell for $275,000 or rent it for $1,900 (maybe $1,925)

HOA is about $2,100 per year and taxes are $4,500 per year. It's a newer condo so repairs are minimal (appliances here and there and a plumbing issue here and there).

it's in a good school district so it should always be easy to rent, but value is very flat so appreciation looks like it'll be minimal moving forward.

Thank you!

How about buying a house that you plan to move from 2-5 years later that you'll rent out and buy a more permanent house?

Check FB marketplace and buy one and then sell it after right on fb marketplace.

cool thanks all.

Had a tenant in my place for 6 years. Would hand prints on and scuff marks on ceilings and nail holes everywhere for pictures etc be considered normal wear and tear?

He was a relatively good tenant so I don't wanna nickel and dime him. I sorta expected to repaint. but sheesh. why's the ceiling so dirty!? lol

what would I even deduct for that from the security deposit? Or is that just standard wear and tear?

^^ lol

thanks

ugh!!!

calling a realtor now.

so I am renting through this Rental program that the building has. they rent it out and take a chunk but do all the work. It basically works like a hotel.

If I were to rent it myself I'd likely make a touch more but me spending any time trouble shooting etc is not worth it right now for me for this property (I live 2 hours away and work full time). If I got a property manager it'd be a wash with the hotel thing.

I have a condo in Atlantic City that I bought at the top of the market in 2007 for $192,000. It's RIGHT on the boardwalk, 24th floor with a 20 foot wide view of the ocean. Spectacular view.  

Atlantic City has crashed big time and the property has been worth a little under $50,000 for the last few years with no real forecasts of it moving.

I'm renting it but losing about $5,000 a year (condo fees / taxes). I bought it outright so there's no mortgage.

Should I just cut my losses now and take the $50k? I feel like if the market turns around having the view and being right in the middle and on the boardwalk, this property will rebound at some point. who knows?

tyty

earning more money >>> saving

scrimping and saving is over-rated imo. especially if it involves a lot of energy (i.e. researching something simple you're gonna buy to save a few bucks...just like a blender for example) or time. 

you can only focus so much energy a day on things. can't save your way to wealth.

not saying you shouldn't try to save here and there, but limit it to the most important big ticket items, or things you buy repeatedly. otherwise it's overrated imo

yup! I have one lined up. just dunno how it'll work if I start to apply and then Capital One DOES come through. don't want to waste the other lender's time. doubtful he gets it done in 8 days also...will need to make arrangements for two families for prob at least a week.