
3 November 2018 | 17 replies
I am quickly realizing it's difficult to find 1) properties which meet the 1% test, and 2) properties which cash flow positive from year 1 (unless we increase our down payment from 3.5% to something much higher).I would like to get two pieces of advice from the Bigger Pockets community in Massachusetts.

21 October 2018 | 9 replies
The person who had expressed serious interest did several tests and it was good to build on.

28 October 2018 | 47 replies
November 1st will be the test for me.

23 October 2018 | 2 replies
Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

26 October 2018 | 4 replies
This created concerns on construction costs due to grading and soil testing.

13 September 2018 | 2 replies
In summary, it is a quick and dirty test of a property's economic viability as a rental.

13 September 2018 | 3 replies
But I've come to the conclusion that I'd rather save a LOT of hassle and stress and pay a bit more to buy from a used appliance store where the items are tested and come with some kind of return policy.So my question to my fellow rehabbers is this: how do you feel about FB marketplace, and what's your experience been... is it a gold mine or a money pit?

17 September 2018 | 4 replies
I'm not entirely sure she'll go that route but she would like to talk to a few good property managers to test the waters.Anyone have any recommendations that you can share?

13 September 2018 | 3 replies
This gets harder if you have many units, but if you goal is to stay small or grow slowly, I don't think it matters how you accept payment as long as it is not time consuming for you, causes tenant payment issues, or causing problems with your bookkeeping.I test drove Cozy for the bookkeeping side.