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25 October 2024 | 26 replies
Based on our comps and some repairs I already know about I listed it with an initial price of $485k.
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23 October 2024 | 1 reply
I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split
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23 October 2024 | 8 replies
Repairs are probably around 30k at least.
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23 October 2024 | 7 replies
I did not rent, though, mainly so that I could build up more savings for down payment and any rehabs/repairs.
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28 October 2024 | 24 replies
Every turnover will cost you money due to vacancy, Plus you run the risk of additional losses from unpaid rent, cleaning, and repairs.
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22 October 2024 | 17 replies
You might still be able to hold it long-term if you can refinance and get through the repairs
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25 October 2024 | 9 replies
Plus, they often have established connections with handymen and contractors, making maintenance and repairs seamless.
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24 October 2024 | 3 replies
- You may want to get a home inspector to tell you what needs to be addressed.How will you get any needed repairs done?
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23 October 2024 | 10 replies
Consider both immediate repairs and ongoing upkeep.4.
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23 October 2024 | 11 replies
As for other issues like repairs, I typically would say you handle the smaller things and they handle the bigger issues that arise.