All Forum Posts by: Justin Gottuso

@Daniel Haberkost nice!! Mind if you share what you bought it for and how much the improvements cost/what was done? Trying to get a better sense of what it will take/cost when I get something that’s below market rent but needs some work

@Theresa Harris nice! I’m in a new Cory (Columbus Ohio) and need to read up on rental laws here and in other Ohio cities I’m looking at.

@Mike Dymski :-)

@Matt Jones nice! So did you buy, remodel, refinance and take your money out/BRRR style or something else? And did the same tenants stay or did they move out and got new ones?

@Nicky Reader that’s what my parents have done with their properties, low/no rent increases and they stay longer. But it’s also because they’ve always managed them themselves without property management company.

@Russell Brazil like how my orients who own multiple homes haven’t raised rents much over the years to keep good tenants and they are overly nice/not focused on earning more income. They tell me their rents are below market. So there would be properties with landlords/owners like this...

@Bjorn Ahlblad Yea... makes me wonder... or the property is hiding something. Lots of the listings say ‘curb offers only.’ So is it normal to have big physical inspection stuff come up in your experience with lots of repairs needed?

@Anthony Wick good tip! How do you get a realistic gauge on real market rates? And I’m skeptical about seeing that kind of rent increase in C neighborhoods if most of the people can’t afford the increases...

@Matthew Rembish

I’m looking to do something similar but with 50k-115k properties. Especially duplexes around 80k or fourplexes for around 115k (looking in Dayton Ohio near me in Columbus) Well, have been thinking of putting 50% down actually, having a small mortgage so I have solid cash flow and much less risk than having a larger mortgage (can’t stand the idea of having 100-200 per month cash flow properties... too little return). Thoughts?

@Andy Whitcomb my wife and I did the same thing before we got married. Great foundational principles in Financial Peace University FPU. Has helped us talk about money ever since.