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28 January 2025 | 1 reply
I also buy my own materials.
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9 January 2025 | 8 replies
Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.
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7 February 2025 | 10 replies
If you are trying to raise a few hundred thousand to buy another 4-6 unit property, while I would not invest in someone with less than a year experience, I am guessing some of your pilot friends, other friends, or family members may be willing to chip in.Now, if you want to jump from a triplex to 80 units, raising 4-5mm of equity and another 4-5mm in debt, than I would just manage your expectations.
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24 January 2025 | 13 replies
Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.
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7 January 2025 | 8 replies
Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.
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24 January 2025 | 2 replies
Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.
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29 January 2025 | 3 replies
Just make sure you are fluid with this info on each property so you do not buy wrong.
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26 January 2025 | 16 replies
@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.
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7 January 2025 | 4 replies
I use Eric Kloth out of Redding and he is stuck with us for this and our future home buying needs.
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24 January 2025 | 1 reply
Investment Info:Single-family residence buy & hold investment.