All Forum Posts by: Kelly Iannone

@Rotchil Noel my first property used to be my Primary residence so I kinda cheated. We are currently saving up to capItal for new SFH or MGH. Sorry I don’t have a more inlighting story for you.

@Shane H. Good choice. Glad you had an attorney friend inside the military to share some perspective. This to shall pass.

These are great insights and best practices. 👍

Thank you for everyone’s reply. Very informative. I think we’ll stay away from these 1/2 duplexes.

As I’m researching properties on realtor.com to better learn my local market I’ve noticed when searching “multi family” that I get a ton of 1/2 duplexes. How does this work? If you buy 1/2 a duplex then how do you manage things like roof replacements or exterior maintenance? I assume the utilities are on separate meters. This is in the Orlando area, Tampa area have full duplexes. Thanks!

Welcome! I am also in the Orlando area. I have a W-2 job, have one rental, and building up a capital for more buy and hold rentals.

The Relator isn’t being very transparent...that would concern me. She won’t give you the address yet and won’t show you an appraisal she says she has...red flags to me As other have said, you want to buy the house below the appraised amount to have indent equity. This is the value you will be trying to sell to someone else.

I’d recommend using the credit cards at least minimally, say for gas and or groceries, and pay them off every month (or every week) to show activity. I have a credit score of 780+ and use my credit card for EVERYTHING. Child care, grocery, gas, anything else I need to buy in the month and then pay it off 100% each billing cycle. This illustrates my ability to pay debts on time and reliability.

I agree with the others, smoking is a deal-breaker, and I require 3x rent.

The way you worded the question “I want to sell my home. I...” is stated in a what that you are intending to sell your home and ask your agent this question. That’s why the responses is directed at you rather a discussion topic. Wording of choice makes a difference. Try “I have a friend” next time...that’s always good for a chuckle.