All Forum Posts by: Sarah Manshel

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Hello!

Working on our first deal and need some extra eyes on the numbers. I feel like the numbers are pretty good, we want to average $200 cash flow, which it hits. Our main concern is that there are some repairs that need to be addressed. Some electrical work, plumbing, structural and general fix up stuff. We can only budget $7,000 for repairs as the downpayment is higher because it is a multi-unit property, which we just found out about. We will do most of the general stuff ourselves. We are nervous that we won't have enough money to do the bigger items over time. But plan on selling it within the next 5 years and maybe be able to bypass some of the large ticket items that aren't pressing. Plus the inspection came back as having possible asbestos in the ceiling tile. How do most people handle this? Walk away? Leave it alone? Drywall over it? Any advice is much appreciated!  

I have a rental house in Fort Collins that I've owned for 11 years that makes me about $700 monthly over costs......It'd be sweet to sell it because I could use a pile of money, but the market there is so hard to gauge.. 

What are your thoughts? Sell or Hold in FOCO?

Howdy ~ I've been trying to figure out the best way to access and use the equity from my investment property....I owe $170k and it's assessed at $375k. It's far away from me, so my local bank doesn't want to do it. 

The typical internet search results are frustratingly random regarding the topic.

Are there lenders that even do this now? Or was this just a pre-2008 thing? 

Any advice is appreciated.....Thanks!

I've had roommates for the better part of 20 years. They pay my bills. It's great.......But most people seem to either never get them, or to get rid of them as soon as they get the chance.

What are your thoughts on roommates? Worth the hassle?

Since millennials seem to favor renting over buying, as well as the trend towards ‘remote working’ --- are ‘luxury rentals’ the wave of the future?

Howdy --- I'd love to put you on the list of people I might call if you're willing to come work in the Trinidad area? ... Nothing going on until after the new year though. 

I'm considering investing in the Midwest. With all the available options going into 2018, which cities or towns are your favorite 4 (+/-) prospects in that area and why?

If you're planning to invest there as well---what type of strategy will you be mainly aiming to use?