All Forum Posts by: Jacob Sloop

@Carl W.

The truth, always

It sure why the workers are asking, maybe they need a place to rent? Or in some instances they treat the rehab “less” for a rental property it seems

@Rhonda McDaniel

Good job!

Not bad ROI with only 6200 in the deal

Hope it continues to do well as a STR for you

@George Muno

Hope it works out!

Sometimes the unknowns get you the best returns

@Spencer Fry

Have you submitted an offer in writing? That can change opinions a lot quicker than a verbal offer actually having something in hand… especially when

It’s been on market for so long

Explain to them why your offer is what it is based on the financials and see what happens !

Depends on how conservative you are, the property requirements, type of property i.e lots of potential cap ex..

What strategy and property type were you looking at?

If I had to just put a number on it though ,  3 months minimum

House hack is always a great option !   Great way to leverage starting out

Bill nailed it.   Does not require a whole house re-wire

Also something to consider,  its not uncommon to ask for a seller concession, therefore lowering your out of pocket...  It's not a guarantee obviously but it is happening more and more..  there are plenty of strategies you can use to lower your out of pocket.

Property is in your personal name it sounds like? HELOC is decent option to access that equity but just be cautious

Keep looking and don't try to time the market..  if its a deal you like and the numbers work, buy it.

Welcome !! 

Curious what other people are using to pull the credit scores?

I have used Zillow Rental Manager and been somewhat satisfied with the results but now wonder how accurate they are...?