All Forum Posts by: Tyler Kaye

That sounds like an awesome experience.  It is pretty cool that you were able to get that property after such a long period of time from the first time that you found it.  Nice work.  My wife and I have done two properties on our own and the experience is worth it.

I believe that would depend on the rental rates he can get for those properties.  Perhaps that investor has some other motive for wanting new construction.

For me and my plans, I would find another rental property.  Preferably couple that with some other capital and get a multi-family property with multiple doors to start growing my portfolio.

Interest question.  Following to see what others say.

Is it still listed? I hope the loss wasn't too great. I was wondering what kind of REI was happening in Portland. I might be moving to that area this fall.

Well congrats.  Sounds like a solid plan.  Get after it!

Good recovery.  At least you got it straightened out.  Congrats on the out of state rental purchase.

That is crazy.  I would never have thought to look for booby traps.

Well done.  This looks like you put the work in to gain a good amount of sweat equity and cash flow.  Nice work!

@Jay Williams I would be looking at the turnaround time.  You say a 100K in repairs.  That sounds it would a long time before it is the right condition to rent.  The more it costs for repairs, the longer it will likely take.  That increases holding costs which will quickly cut into the amount of expected return.  From a capital budgeting standpoint, the costs of capital and time to generate cash flows, doesn't justify the tight margin of cash flow if there is any.