All Forum Posts by: Joe T.

Hi all,

I recently bought my first property and I have had it up for rent for 1 week listed at $1250.

The link to my property can be found here - http://www.realtor.com/realestateandhomes-detail/9...

I am thinking about dropping the price down to $1200 to be more competitive in my area. I am not willing to go below $1150 though, which is determined to be "fair market value" according to my appraisal. According to my realtor, it should have been rented out within a week, based on what he can see on the MLS for similar homes.

I have had 5 people view the home, and 3 cancel. There was supposed to be one application submitted, but it appears that it was never sent to my realtor. Does anyone have any suggestions on how I can get my property rented? How long should I be willing to wait before dropping the price? I have my first mortgage payment due on Sept 1st. 

Thanks, that's what I'll do then. This sounds the most reasonable. 

I know I can rent my property out for $1200 a month. I've been looking at comparable properties in the immediate area, and I have found that some are charging $1300+ for the same sq ft and bed / bath. My question is that.. is it legal to list a property for $1200 a month, and if I get too many responses, increase it to a higher price? I don't want to wait a month or 2 to get the higher price, but I also want to get the best price I possibly can. 

Hi everyone, My name is Joe and I've been in the corporate world for one year now. I've been very fortunate enough to land a good job to be able to save up for investing. I am in the process of closing on my first home on the 31st, one day after my 23rd birthday! My first deal is a single family home that is net cashflow positive $400 a month. 

I look forward to continuing my investment career so I can quit my job one day and work on this full time. If there are any other members in the San Antonio, feel free to reach out to me! I'd love to meet like minded people who have the same goals and ambitions in life. 

Hi everyone, My name is Joe and I've been in the corporate world for one year now. I've been very fortunate enough to land a good job to be able to save up for investing. I am in the process of closing on my first home on the 31st, one day after my 23rd birthday! My first deal is a single family home that is net cashflow positive $400 a month. 

I look forward to continuing my investment career so I can quit my job one day and work on this full time. If there are any other members in the San Antonio, feel free to reach out to me! I'd love to meet like minded people who have the same goals and ambitions in life.