All Forum Posts by: Keegan Darby

Single family home in class C area: 

Buying for $141k 

$20k solar loan paid @ $90/month

Rehab of $12k to get rent ready 

Rent amount of $1,250/month 

Would appraise for $200k 

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So, all in at $154k, which is 77% of ARV

Rent - insurance & taxes = $1,150/month 

Thank you. The AC unit is original - installed in 2005 - so that will likely be a big expense in the coming 18 months. 

Has anyone that's kept their primary done a home warranty to protect those items (AC, etc.)? 

Hi BP - 

We're debating selling our primary home or renting it as we're moving to a new primary. 

We currently owe $222,000 on the property, our monthly PITI is $1,282 (a 2.375% interest rate)

It would rent for $2,000/month 

OR... we could sell it for $385,000. Our profit, assuming 7% realtor + title + closing fees would be $135,000 

We don't need the cash to buy our new primary home. The home is in a great (class A-), growing area. 

Would you sell or hold and rent? 

Looking to obtain new insurance on a rental property. 

I was dropped from the previous insurance company due to having 2 claims in the past year (even though I have 29 other properties insured with them). 

I’ve called several other insurance companies (Geico, Allstate, etc.) and none are willing to ensure due to the claims (theft and hail damage). 

Any recommendations? 

 Hey Benjamin, thank you for your note here. Are you assuming a loan at $70k? At that point I'd be leaving $40k or so in the deal. 

Has anyone had success in suing a seller for specific performance? 

Supposed to close on a property in Arizona and at the day of closing (today), seller is now unwilling to sign. It seems they got cold feet. 

Yes, we have an AAR purchase agreement and the seller is represented by a realtor. 

What steps would you take? 

Thoughts on this deal: 

Single family home in class C area. 
Purchase price: $102k 

Market rent: $1,100/month 

Interest and insurance: $110/month

Will likely appraise at $145k 

I’m debating buying this to hold it cash (or potentially refinance) and rent it, or wholesale it and have an offer to make $10k on it. 

I know it depends on goals, but from a deal analysis perspective, what would you do?