All Forum Posts by: Lily Aldridge

That sounds frustrating! I haven't had that specific issue, but I understand the importance of finding a durable, low-cost flooring option for rentals.

I had a similar concern when renovating my properties. I found great success using this comparison site to find affordable flooring installation. It really helped me make informed decisions and stay within budget.

Hope you find a solution that works for you!

I just wanted to know more about closing cost and who pays for them?

Any thoughts?

Renting out a place can be a real headache sometimes, especially when you're not getting the bites you expected. It sounds like you've got a pretty sweet deal going with all that fully furnished jazz, but maybe the price tag's scaring people off. Dropping it down to $775-$800 might just do the trick, you know? Sometimes a slightly lower rent can make all the difference in snagging a tenant.

When it comes to teaching your kids about real estate investing, one book that's often recommended is "Rich Dad Poor Dad" by Robert Kiyosaki. It breaks down financial concepts in a really accessible way. Another option is "The Millionaire Real Estate Investor" by Gary Keller. As for the RichDadPoorDad game, "Ratrace," I've heard mixed reviews. Some say it's a great hands-on way to learn, while others find it a bit outdated. Might be worth checking out some online reviews before diving in.

Dealing with an agent instead of the seller can be a bit of a mixed bag. On the one hand, agents can smooth things out, handle the nitty-gritty, and maybe even score you a sweet deal. But, there's always the risk of info getting lost in translation. It's like playing telephone, you know? 

My advice? Keep communication clear, ask loads of questions, and make sure you're on the same page. Agents can be a godsend or a headache, depending on the day!

Congrats on snagging that duplex in Ft Lauderdale! For the AC dilemma, I'd lean towards split. Yeah, they're a bit chunky and could get noisy, but tenants love controlling their room temp. 

Plus, it's a money saver if they don't use certain rooms. Central AC might look sleeker, but everyone's stuck with the same temp. And if it goes kaput, everyone sweats. It's like AC communism. I'd say go for the split — practical, economical, and folks dig that personal chill vibe.

South Carolina is a solid choice, especially with aging parents in mind. For SC resources, check out local news sites and community forums—they're gold for insights. Also, Facebook groups can be surprisingly helpful. As for newsletters, maybe hit up local real estate agencies or community centers; they usually keep you in the loop. North Myrtle Beach? Nice pick! Try joining local FB groups or checking out local news websites for the lowdown.

I peeped at your house situation in Fort Worth. Owner financing could be a game-changer, but 10% interest on a 30-year might be a bit steep for potential buyers. I'd dial down that interest a tad – maybe around 5-7% to sweeten the deal. People love lower payments. Also, check how the local market vibes with wraps; some places dig 'em, others not so much. Get a feel for that. Overall, solid plan, just tweak those interest rates for a smoother sell. Good luck with the sale, hope it flies off the market soon!

Hey there! Totally get your struggle with the crazy market in NY. Investing out of state sounds like a smart move. You're on the right track with those reads and podcasts. One thing to add - start networking in the areas you're eyeing. Local investors and realtors can spill the beans on market trends. Attend meetups or join online forums specific to those regions. 

Also, consider hiring a local property manager; they're gold when you're miles away. You got this – go snag that duplex and make that first deal happen! Good luck!