All Forum Posts by: Malcomb Stapel

What @Taylor Dasch said. I would add that you can go a long way just having some clean color schemes (two wall colors and one trim color will do almost any house) and a few tasteful accent pieces. 

Google search, pops right up. 

 Just call a local title company, find one with good reviews, and ask them to give you an idea of the fees. 

@Roy Lam you made an honest mistake with the garage. You should not have allowed access and now you are going to live the old adage of "it's easier to give slack later than to real it in." 

As for your lease, I'd be careful with what you are doing there. You don't want to get caught in some fraud. 

 Welcome to the forum. I invest in Topeka also if you want to connect. 

What's low? 660 and above should qualify you for DSCR.

@Ed Hoffman  actually, you can transfer it via Quit Claim right there at the closing table before you leave the title company. In Topeka Kansas it costs $35, yours may vary. 

@Michael Lee what do you think the house would go for in the current market in current condition? I'm going to guess it's a lot more than $87k ? 

If you have good product (top 10% of market) or you have low inventory, you can usually generate a lot of interest by coming in a little under what you think it should sell for. Buyers who have been looking for any amount of time, and their agents, will recognize value and be hot to take a showing of your listing. This can lead to some highest and best offers and bidding wars. 

It sounds like you have already done the math on this one more than once. The questions I would have 

1. How much would the remodel cost? If you can finance the whole thing where does that put your monthly PITI? Can you increase rents after renovation, and, if so, how much?

2. Do you have an $800k property already targeted or are you just throwing that out there?