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All Forum Posts by: Hunter Stoudnour

Hunter Stoudnour has started 1 posts and replied 31 times.

Post: Looking for 2-4 unit Turnkey Properties / Companies In Pittsburgh

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Hey Toby, I have a property available coming next week. It is a triplex and I think it could be a great fit. Give me a call 814-937-2260.

Post: House is a money pit

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Run your numbers for both scenarios and see what it looks like. Would you purchase another one? Could you re-invest the capital into something else? Are you planning in investing in that area for awhile? 

There are a lot of different options but these are some things you should ask yourself.  

Good Luck!

Post: Trouble pulling trigger on first rental property?

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

You're going to learn more from actually purchasing this deal then you would if you would wait another 6 months. It sounds like you have done your due diligence. Something will go wrong at some point, but if you stay diligent and have the right team, you'll be fine and more prepared for the next one.  

Post: Ethics Question !

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Hey Benton, 

Like many other people have said, this is a tough decision. Ultimately, I think you should go through with the renovations and increased rent. With proper communication and giving the current tenants ample notice, I think you would be giving them plenty of time for them to make a decision that is best for them.

Post: Is wholesaling as easy as they say?

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11
Quote from @Marcus Auerbach:

It's really hard. Even the lead generation: your pitch has to be right, trustworthy and not too aggressive, but strong enough. 

And have to work with larger numbers than you think. Do some math. If one or two in 1000 houses would be open to a "cash offer" in the next 12 months, that means you have to market to them and the other 998 consistently for 12 months. So for a good deal flow you need to market, your farm needs to be several thousand units large.

Frankly, it's a lot easier to become an agent.


I agree with Marcus. Deal flow is everything when it comes to being a successful wholesaler. To be able to find profitable deals consistently and build a large and dependable buyers list will take a lot of marketing dollars depending on the channels that you use. 

Post: Becoming an agent?

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Hey David,

I am becoming an agent is a great idea. The bottom line is that the more knowledge and experience you give yourself now, the more likely you will be able to apply it later down the line. As a young individual with more time than money, I think its a great option. If you want to learn more about the investment side, you should focus on working with investors and investment properties.  

Post: First time flipper. How can one prevent a wholesaler from taking you to the cleaner?

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11
Quote from @Alex Silang:

I mean they have so much control. Get a bunch of people to tour the property together. ARV is very generous. Then understate costs.

Seems like a tough situation. 


Hey Alex, you need to be confident in the numbers that you come up with. Of course you will see how that compares to the wholesalers, but essentially you need to have the knowledge to be able to compare. You can do this by you gaining that information yourself, bringing a contractor, etc. You also need to be able to take the emotion out of the deal and be able to walk away. If they have a lot of people there, that's fine, just be strict with your numbers. 

Post: Looking for a fast agent in Pittsburgh

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Hey Itai,

I am an agent here in Pittsburgh. Would love to connect and see how I can help you. Feel free to message me.

Post: Neighborhoods in Pittsburgh

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11

Hi Hila!

Some good neighborhoods wood be Penn Hills, Brookline, Baldwin, Brentwood, etc. Happy to go over some neighborhoods in-depth if you want to reach out. I am an agent and investor in the Pittsburgh area. My cell is 814.937.2260! Just call or text me. 

Post: Should I have utilities in my name or my tenants name?

Hunter Stoudnour
Pro Member
Posted
  • Rental Property Investor
  • Pittsburgh, PA
  • Posts 31
  • Votes 11
Quote from @Lynnette E.:

I would put the electricity in their names.  Once you get that tenant that does not pay the rent and you have to keep paying their electricity as you go through the eviction process you will understand that you should always pass the utilities on to put in the tenant's name as much as you can.

In the duplex with the dryer state that the rent was set with consideration that that tenant would be paying for all of the electricity for the dryer use, including the use for the other unit's tenant.  Just be very clear that this tenant is paying for the electricity, so that they can not sue you later over that issue.  And for the other side of the duplex you will need to state that they can do up to maybe 20 dryer loads a month.  Make it so that there is enough capacity for them to do their laundry, but not so much that the dryer becomes a weapon between the 2 tenants if they do not get along.  And put that in their lease, and also state that the reason is because the electricity for the dryer is billed to the other tenant.

Estimate how much the water bill will be and then make the base rent high enough to include the water.  Put in the lease that you pay for a 'reasonable' amount of water.  I would recommend this rather than splitting the bill and trying to collect that amount each month.  Its not worth trying to collect it each month, the time and hassle, for the little amount of difference it will be over a good estimate.  Plus collecting it by splitting it evenly can lead to the 2 duplex tenants getting into wars over who is using the most and if its fair.  And often it is not fair.  Example, I have an apartment and two units share the water.  One is a traveling nurse who is only there between jigs and the other is a husband, stay at home wife, and a year old baby.  It would not be fair to split that bill.  But by having the rent at a set price everyone is happy and know what to expect.


I agree with Lynnette 100%.