All Forum Posts by: Josh Servo

 Awesome! Thank you so much for your info Mike!

Numbers are looking a little tight for a HUD owned house.

right now they are asking 143k, ARV is about 215k. Rent will be between 1500-1550. Needs a new roof and a decent amount of work. Might have a leak in roof, new kitchen, new floors, etc.

how do you go about offering lower on a HUD house? Do they have any room to play with numbers?

This will be my first house so I dont need a home run, just trying to get in the game and learn. I'm very eager to buy my first house and get my career started! It will also be a live in rehab with possibility of selling or BRRRR after 2 years of living there.

Thanks for any information you have!!

New investor looking to do a live in flip of a house. Found a house that I am very interested in and it fits almost all of our other criteria for a live in flip to LTR. Biggest issue I am seeing right now is that it is on septic. I have heard a lot of people talk down on septic, but living in Italy (because of military) everyone here seems to be on septic and not have any issues.

A few questions for everyone.

How big of pain is septic?

How much would you add for capex and maintenance here?

How hard/costly is it to switch from septic to public?

Is it worth it since this deal could fly under the radar of others because of septic?

Thank you so much for any input! 

My wife and I will be moving to Pcola in a few months hopefully! Curious how all this worked out for you? Did you find any area you would stay away from? 

Thanks for any information!

Jay, I dont want to self manage. We will be living in the house for 2 years while I fix it up though. I need to know how much rent is before I buy the house to run numbers properly.

Basically, a PM wont be getting my business for 2 years while i fix it up until i rent it out.

Hey all,

I'm looking at buying a live in BRRrR in Pensacola florida in the future. I am curious, how would you guys go about getting typical rent prices in certain areas without screwing over some property managers. I wont need one for at least 2 years until we move out, and possibly wont need one ever. I dont want to be contacting them for my own benefit without helping them out too.

I have looked on their sites and can find some active listings, but there aren't very many to go off of. Any information is great and welcomed. Thanks!

 Sounds like a good idea! Thanks a lot Brenden!

What kinds of things do you do to protect yourself on a house with a pool that is a long term rental? Or do you just avoid it at all costs? Seems like in Florida it increases rent significantly 

Hi everyone!

I posted my intro in the wrong section a few days ago! I am currently living in Italy and have been following biggerpockets for the last almost 3 years. Listening to podcasts, watching webinars, running numbers on any random houses and deals I can find to get used to the process! My wife was accepted into the University of West Floridas nursing program and is going to (most likely) get sent there while still being in the Air Force. I am looking for a live in BRRRR that I can rent out after the 2+ years we would be there for. I am looking for some contractors, and good property manager recommendations. I am thinking this could be a great place for future long term investing and looking to create some great business relationships!

I am curious what size houses you guys and gals look for when thinking about adding a bedroom.

1 into 2 bedroom =

2 into 3 bedroom =

3 into 4 bedroom =

4 into 5 bedroom =

Just looking for some ideas when looking. For example, I found a 3 bed two bath in Florida that is 2,300 Sq. Ft. I thought this could make for a good add on to 4 bedroom. Obviously, another bedroom has to work with the flow of the house. Thanks!