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Results (8,850+)
Cory J Thornton Rookie mistakes I'm making and a tenant with tumors
25 November 2021 | 20 replies
Don't be rude, just lay out the situation professionally.
Kitty Horeis 4 years left to pay off house - Cash out Refinance or pay it off?
30 November 2021 | 9 replies
To counter #2, I'd lay out my criteria before I got the loan and only buy something that met that. 
Evan O'Brien Due Diligence Process
27 November 2021 | 1 reply
Ensure property type is appropriate for your market( ensure it's not too small, has bad layout, parking, etc.)4.
Shivam M. 2 BD/1 BA SFH in Evansville, Indiana (Turnkey purchase)
2 December 2021 | 3 replies
Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):
Alexander Coleman There's NO reason to get your RE license if you're not selling RE
2 December 2021 | 4 replies
I use 3rd party apps that have a better layout
Michael Ernst Denver Property Type change from SFH -> Duplex?
6 December 2021 | 2 replies
Several other properties with this exact layout and in the same zone have the property type: RESIDENTIAL-DUPLEXSo I guess my question is this:  If I were to go through the trouble of putting in a new and separate heating and cooling unit for this property as well as adding a new power meter for the basement unit, how hard would it be to get this property labeled as a Duplex from a Single Family?  
George Kopp Tenant Asking for Blinds
13 February 2022 | 42 replies
@George Kopp without knowing layout and size heres some ideas for blinds.
Amanda Polton Appreciation play v.s. cash flow
22 December 2021 | 19 replies
At that point you control the costs, style, layout.
Viktor Zguro 4 unit (about 1k sqft each) - Johnston RI - *Looking for Some FB*
8 February 2022 | 8 replies
Seeing it a second time, I just didn't like the house at all (too small and weird layout) ...
Michael Ernst Denver Property Type change from SFH -> Duplex?
3 December 2021 | 0 replies
Several other properties with this exact layout and in the same zone have the property type: RESIDENTIAL-DUPLEXSo I guess my question is this: If I were to go through the trouble of putting in a new and separate heating and cooling unit for this property as well as adding a new power meter for the basement unit, how hard would it be to get this property labeled as a Duplex from a Single Family?