All Forum Posts by: Ryan Fox

I bought a 4-plex about two months ago and one of the tenants just left.  The tenant had been living there for 9 years, so there is a significant amount of fixing up to do.  It's only a 2 bed, 1 bath.  I've been quoted $12,000 for this, but I'm interested in other quotes.  Can anyone recommend a reliable contractor?  

I also have a contact.  Feel free to PM me if you still need insurance.

@Logan Freeman- Thanks and Happy New Year! 

Congrats!  I've never heard of a property essentially meeting the "3 percent rule."

@William Robison - Are you noticing any difference in vacancy in smaller units (i.e., studio to 2 br) versus larger units (3 br and larger)?

It's hard to come by unbiased data on this, but does anyone have any access to data showing rental vacancy rates in MO, per county?  I know there's been growth of housing supply in the KC area.  There's also a lot of units on the market for rent now, seemingly more than prior years, even considering it's the middle of winter.  Year over year comparisons would be helpful.  

It's hard to come by unbiased data on this, but does anyone have any access to data showing rental vacancy rates in MO, per county?  I know there's been growth of housing supply in the KC area.  There's also a lot of units on the market for rent now, seemingly more than prior years, even considering it's the middle of winter.  Year over year comparisons would be helpful.  

@Sam Yi- Biggerpockets will close your account if you don't follow their terms of use policy.  

Congratulations!

@Aliz Raksi - Sounds like a good deal.  Are you going to take out a long-term mortgage on the property or get a home equity line?  A home equity line might allow you to cover costs as they come up and still cash flow.