All Forum Posts by: Matthew Koch

Still available?

Any chance this is still available?

Thanks! @Jonathan Kincaid

I am two properties in and am ready to purchase another two this year. I found both properties I have purchased, one through the mls and the other through networking. I used the realtor I originally used for the first deal for both deals. I found my realtor by calling in about my first property and they showed me it. He/she has done a great job once we are engaged with a property, however, he/she is not bringing me anything to consider or look at. I am continuing to find properties to look at, which I enjoy, however, my funnel isn’t big enough and I am wanting them to bring me opportunities as well.

Is this “normal”? Do you recommend using the same agent due to familiarity and trust? At my price point, $100-$150k is expecting a realtor to bring me things to look at unrealistic?

Thanks!

i am interested to learn if anyone else has encountered this situation. I am actively looking at a property with one lot and a SFH and a duplex on it. I talked to a lender today who warned me this may be a challenge to finance because of comparables. Is this a challenge with all lenders or just more "stringent" ones?

What are you seeing Prop Mgmnt companies charge for screening and finding tenants?  I am seeing one months rent.  Is that too high?

I have a similar situation, I bought a property and the tenants had a "guest" living with them. The tenant and "guest" are now at odds. My tenant is telling me I need to do something with the police, restraining order, but they are not on the lease. I found out today that the "guest" has a key to the property. Any advice?

So I just bought my first Rental property, it is a duplex. My question is what areas do I "rehab" to increase the property the value the most in order to refinance at a higher price. The previous owner didn't do any upkeep of substance for at least 6/7 years. There are areas I need to put money into the property to make it "sound" like gutters. In doing so, i found I should cap the fascia and soffit. All in, I'm at $4k. Is that a smart move? I realize every property is different. Mine is in a lower income area where comparables are selling for $115k-$125k. I purchased mine for $86k. Do I contact the appraiser from the mortgage company I used? I want to be able to refinance it at a higher value in a year to get some of the money back, I'm just not sure where to put it. Help please!

I too am using this strategy. It seems to me that the payment on the Heloc skews the deal a bit, but is somewhat offset because you can deduct the interest. I'm interested to know if the thought is to payback the HELOC as quickly as possible to correct the cash flow.

So I just bought my first Rental property, it is a duplex. My question is what areas do I "rehab" to increase the property the value the most in order to refinance at a higher price. I realize every property is different. Mine is in a lower income area where comparables are selling for $115k-$125k. I purchased mine for $86k. Do I contact the appeaser from the mortgage company I just used to buy it? Help please!