All Forum Posts by: Mark Del Grosso

That is how I started way too many years ago. Mine was a run down mess. It had been vacant for two years (the realtors had a hard time finding the keys). It was actually a large single family that I converted to a duplex. I did the work myself because I had no money and it was a great learning experience. And I could do it at my pace. I still own it today but sometimes get embarrassed when I see my early handy-work. Honestly though I am glad I started that way.

No problem. but I have harvest rights. 

Of course I would donate a few bottles to the land owner. Lol.

I'd grow grape vines over it but I have been know to buy rentals with large lots just so I could put in vines. It's a hobby/obsession.

 Nice job.

The asking price on a four unit was 92k. I told the Realtor to put in a 75k offer. She said she didn't want to put in a low ball offer. I got another Realtor and bought the place for 80k. At closing I realized that the sellers husband was a guy I knew in school. He told me that his wife inherited the property and HATED being a landlord and was so glad to get my offer. 

Did I low ball?

 Podcast famous four question "What seperates those that succeed from those that drift away" Exibit"A".

Martin is a genius. He is trying to get many of you to do his research.

I must say I have enjoyed this thread. Ha ha

The quality of the tenant wins out over the extra money in my experience.

My oldest is 1850 and newest is 1937. Lots of craftsmen work. My tenants love them. But get rid of old plumbing and wiring every chance you get.

Hi Jennifer:

Welcome to BP. I don't know if you invest in my area but it's nice to see more locals.

Thanks

Mark

I had a plumber tell me he loves seeing garbage disposals in rentals.....job security.

I take them out.  Most tenants don't know how to properly use them.