All Forum Posts by: John T kemper

hey BP. Have a question for you text savvy landlords and property managers. Without spending the money on the platform. I am looking for an application that is editable online. I've been trying a new thing all enquiries I have sent a Word document application to. Only about 10% were able to fill it out so I need something that is a template questionnaire type. Just checking to see if you guys are using anyting like this. Thanks BP. Blessings. John

hey guys i wanted to give you my scenario and get some feed back .... first off our goal is to accumulate cashflowing sfhs and 2 units. we have a good income property now and have been renting a place to live... our family is growing and our children need some of their own dirt to play with... plenty of options... however we only have enough cash for one more property.

our next step could be buying a duplex with a yard ( could get really annoying)

or buying a very undermarket value single family house with a nice yard that we could actually see ourselves in for 5-10 years, put a lot of sweat equity into it right away and borrow against the equity. I'm in construction so i can do most things and this would get our children a place. we wouldn't have to keep moving which is very hard for a family of 6.

we are very much leaning to this strategy... the heloc financing is relatively inexpensive.

thank you john... 

not sure what happened to this thread?

thanks for your reply john.   with  the duplex it could be annoying and a diamond in the ruff to find.

there are some houses we would consider living in and letting our family plant some roots...  if we got a good enough deal we can pull a line of credit from that for down payment on next rental and reno.   but than what?  cash is gone unless you can get line of credit on the rentals?

hey guys i wanted to give you my scenario and get some feed back ....  first off our goal is to accumulate cashflowing sfhs and 2 units.   we have a good income property now and have been renting a place to live...  our family is growing and our children need some of their own dirt to play with... plenty of options...  however we only have enough cash for one more property.

our next step could be buying a duplex with a yard ( could get really annoying)

or buying a very undermarket value single family house with a nice yard that we could actually see ourselves in for 5-10 years,  put a lot of sweat equity into it right away and borrow against the equity.  I'm in construction so i can do most things and this would get our children a place.  we wouldn't have to keep moving which is very hard for a family of 6.

we are very much leaning to this strategy...  the heloc financing is relatively inexpensive.  

thanks you guys... it seems to me vinyl is the way to go.   like the carpet for the bed rooms ramona !  and the pro at lumber liquadtors aaron..

thanks you guys..

BP your awesome !!  were learning so much.. what is the better flooring to get for a rental?  carpet can get naasty but its can be cheap...  vinyl maybe?  tenant proofing...  thoughts and any brand names would be sooo helpful.

thank you

i have a question on cashflow for the seasoned buy and hold investors ...

the question is more of search for wise advise.  the building is very solid and area has had a very strong market.  lancaster pa

we currently have a single family home property that needs to rent for max  price in our market...Lancaster ,pa... it is a great property and great location.

do we keep for the long haul or sell is the question?  i believe its worth keeping even if its not cashflowing in this case... however it does have to rent at the top rent price until refi could take place..  just need some long term thinkers and strategists to guide us...

150k loan    190 appraisal  29 yrs

3 bed/2bath/yard/deck/garage/basement

 rent 1400

mort/taxes/ins 1115

maint /vac 175

wst 100

no cash flow and actually the taxes will be going up 100 per month so we would go negative.  we do our own managing and all our work.    what do you think? will this property hurt us ?

open to new thinking...  though we prefer a conservative approach which this is leaning more towards risky...  

thanks you all 

John

thats great!  ill check into that!  thank you 

thnks ned thats good information...   how would i find that out?