All Forum Posts by: Steve Gardiner

Thanks! I appreciate the advice.

I just bought a new property and I was wondering if I was going to rent this out, what repairs should I make in terms of the roof and should I add an addition?

The roof looks in relatively good shape (I don't know the age) although I did notice a very small leak in one part of it and the facia is rotted in several places. Should I replace the entire roof or just try to manage the smaller parts? I am wondering if it makes more sense to just deal with the large upfront cost to have the roof done fully or if repairing the damage will end up coming back to haunt me.

It's a rather small house at just over 600sqft, for an addition is it really just a matter of getting estimates for the addition and comparing that to the additional rent I would get and seeing if it's worth it?

I am relatively new to this so I would love any advice, thank you!

Hello! I am new to the real estate investment game. This is going to be my first property I am purchasing and I am looking to house hack by buying a multi-family with 5% down. With the rates the way they are and in my area multi-family properties are being listed for a high amount like $800k for a duplex, with 2 apartments and 1 bath each. Should I be looking for undervalued properties that cashflow out the gate at a 7% interest rate or should I be looking for one's that cashflow at a 5% interest rate and then wait for the rates to drop? If so how much should it cashflow at 5%? Should I be looking elsewhere if nothing on the market in my area cashflows at 7%?

I know that most people say it's dependent upon your area and what you are comfortable but I am just looking for any guidance. It is greatly appreciated!! Thanks!