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All Forum Posts by: Tracey F.

Tracey F. has started 3 posts and replied 27 times.

Post: [Calc Review] Help me analyze this! Looking to buy n hold

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@John Leavelle Thanks for your advice especially about vacancy & insurance reserves. I played around with the numbers many times but just couldnt make it work and decided to pass on it. Your feedback is very helpful. 

Post: [Calc Review] Help me analyze this! Looking to buy n hold

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Tenant occupied, one year left on lease.

Post: Window Replacement Contractor referral- Morris County

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Chris T. I live in Jersey City and had 3 non-standars windows installed last Saturday. Price was good and customer service great. PM me and I can answer any questions you may have.

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Stacie Meeker all very good questions some I have not thought of.  I am keeping a list of questions and will add to it.  will request a copy of lease agreement.  @Mark S. Good for you!  Congratulations!  Hopefully, I'll be on my second soon.

Everyone:  i really appreciate your feedback every bit helps!  Thanks!

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Russ Draper  thanks for your feedback!

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Caleb Heimsoth @Jason G. good point about appraisal contingency. will keep that in mind. Thanks!

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Jason G. If the appraisal comes in low I think that gives opportunity to negotiate. This company has an excellent reputation and i’ve heard their estimates are on point. While I dont expect appraisal to come in low if it does I will counter offer. 

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

Hi @Joseph Santos your feedback is helpful. I have analyzed a few TK properties and to your point I will look at similar properties in those neighborhoods to see how they compare. If i can find silimar ones at a better rate I will try to counter offer and see what they say. Thanks!

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

I hear you @Corby Goade @Dave Carella I DO NOT like paying asking $ for anything. I wasnt sure how it really works with TK companies. If anyone out there has successfully negotiated a deal with a TK provider I would love to hear how your story. 

Post: Should I pay asking price for Turnkey property?

Tracey F.Posted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 27
  • Votes 10

@Ola Dantis i used BP rental calculator and cash flow very lean.  I can share my analysis with you and you can tell me what you think.   Will PM you later.