All Forum Posts by: Kenneth Hynes

What is your goal for property ? flip or keep for a rental? You want to contact current landlord or PM to see what the lease says about notice to show property. Also if tenant has current lease you proably can not get them to leave until the lease term is up

Welome to BP Yvette. Sounds like you already have a plan. When you get a chance , review some of teh bP podcasts. Several guests starting off house hacking just like you want to ken

Welcome Kelly You aer in the right place to begin your journey BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on. good luck ken

  Great work and great Discipline  .  What is the next project @Kris Haskins

nice to hear  @Nicole Clemens  Was this your RE investment ?  Great job on your first if so

couple of questions if you don't mind .  Did you do any rehab / renovations on the property , and did you fund them out of the incoming rent ?  and do you think about pulling more than $80K after the appraisal came back for $150K.  Seems like pulling out an extra$10-20K would be a great step into your next property without affecting your cash flow too muck

ken

Welcome to the site @Cj Juan 

 BP is a great resource to learn an network in your area

Ken

Michael Just read your blog. nice work on the property and providing updates. Did you ever find about / confirm the $1600 water bill ? Did the PM ever give you any feedback. looks like you had the cash reserves to pay it, bit thats still not a good suprise ken

Joe What makes you think the duplex is worth < 82K besides the price history ? What is the current condition ? Since you listed $0 for CAPEX i assume it is move in ready ? As Michaela said, the banks appraisal would look at comps more than property finances. Do you have any comparables in hte area ? what price and rents are they getting ? ken

Welcome Matthew. CO is a great place to live and invest. lived in Colorado springs for 3+ years , still have rental there BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on. ken

Welcom Kyle. BP is a great place to start , especially if you want to house hac as brandon turner would say . :) BP is a great resource. Full of great tips and reads. One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market. I really dont think you can look at too many properties, and the more you look, the more knowledge you will gain for that market Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on, several which deal with owner occupied invenstmetn housing ken