All Forum Posts by: Joseph D. Moore

Thanks a ton for this input. Yes, I am aware that the current rate is way under market. However, you are exactly right in saying that "I am not looking to turnover the tenant". Mainly bc they are the reason that I was able to acquire the property. The previous owner actually offered it to the tenant, which in turn, they reached out to me. Plus. they have been consistent and "on time" with payments for 5 years now. The property itself has sentimental value in my family as well, so it will be a long term hold. However, this is my 1st year in any form of real estate, so I am still learning and feeling my way through. Although I do plan on increasing the rate next year and so on and so forth. I really appreciate this insight!

Quote from @Jaycee Greene:

Quote from @Joseph D. Moore:

Quote from @Jaycee Greene:

Quote from @Joseph D. Moore:

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000
Cash invested: $30,000

Buy and Hold. Initial and only door, thus far.

Hey @Joseph D. Moore, welcome to the BP Forum! Where is this property and how much is it renting for?

 Thank you! It’s great to connect and to be here as well. The property is in Georgia, and the current rent is $950.00 for the property. 

 @Joseph D. Moore That's great. Did you have to do any rehab on the property? Is it a 2-bedroom?

It’s a 3bdrm. The former owner was military and being re stationed overseas. I really did get lucky, due to him being in the process of making multiple updates to the floor and cabinets. Plus, there’s already a long term tenant that has a great track record. All that I had to do was takeover the property. 

Quote from @Jaycee Greene:

Quote from @Joseph D. Moore:

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000
Cash invested: $30,000

Buy and Hold. Initial and only door, thus far.

Hey @Joseph D. Moore, welcome to the BP Forum! Where is this property and how much is it renting for?

 Thank you! It’s great to connect and to be here as well. The property is in Georgia, and the current rent is $950.00 for the property. 

Good day, Jared. My short term goal(s) in the next few years are to have 4-5 properties (long term), as well as a multi family home. I’m in the very beginning stages, although I do have one rental, and my primary will eventually be another rental. 

Hello everyone! This is a "new world" for me. However, I am extremely excited and encouraged to learn, connect, and grow. I've made one investment thus far in a single family home. I am open to all information or tips. Thanks! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $95,000
Cash invested: $30,000

Buy and Hold. Initial and only door, thus far.