All Forum Posts by: Justin V.

@Yulia J.

Yep. Without a second thought. I’m probably in B+ markets mostly.

@Dean Klein

I was thinking they might be refinancing.

Either way… op should get in touch with the pm or owner, express their interest and see if an agreement can be made in my opinion.

@Jon K.

4% of gross rental income, correct. Not 4% of 10% or something like that?

@Devin Creek

Fair and thank you for the additional details.

I misrepresented myself: I’m in the “get long term fixed low interest rate loans to get properties, making sure there’s good cashflow and a nice cash on cash return percentage” group. ;)

@Devin Creek

Ominous….

How would you advise protecting against this theoretical death of disco?

@John Underwood

Can the 11th mortgage primary be a 2-4 unit as well which 1 unit will be owner occupied?

@Sunny Alexander

How much for an ikea replacement?

@Adam Wells

Cash out Refi into a 30yr fixed and buy another one- then do it again once you have another down payment plus closing costs saved up.

I’m in the “max leverage and keep buying til you obtain your freedom number in cashflow crowd.”

How would you all handle this? What would you charge and how did you arrive at that number?

Tenants moved into an updated apartment with new appliances. Kitchens are my selling point and my cover photo for my listings.

Tenant moved out after 2 years: 2 year old fridge ($750 new) door has 1-2 dozen dents in the door. New door is $375 plus looks like an event to install it (not sure a new door comes with that gasket and many pieces.

It looks bad and I’m pretty mad about it. Bothered to the point that I’ll probably get a new door or fridge before the new tenants move out or be prepared to get one if they request it.

Thank you,

Justin V

@Joseph Gisle

2nd on the sewer scope. Potential to spot a 20k issue for 200$.

I see the inspection as the second chance to haggle.

I see things when I tour rentals, but typically submit my offer without a list of noticed deficiencies (Let me know if this is a dumb move).then the inspector looks around, we highlight the biggest ticket items and ask for repairs or some money back. Typically covers the inspector cost plus a few more hundred.

I also hate going in attics. They give me the creeps.