Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $160,000

Cash invested: $35,000

A Bigger Pocket member I met at a local networking event had never invested,...

I am always happy to help fellow veterans. 

SFRs are different, but if a tenant is up to date via estoppels, let it ride.

Hello, Fellow Bakersfield, RE investor.

. : $90,000ARV: $220,000-250,000CLOSING DATE: July 24, 20241,594 sqft living space 6969.6 sqft lotRoof/Ceiling: Damage from recent tornado.

My Rental PIS date will be August 1, 2024.

I accepted the 2.5 week wait because as a rookie I was worried I might not get someone else--the next day I had to turn down someone who would have moved in on our "available" date. 

I used to try and limit the customer's time talking with me on the jobsite....I pointed out to them that jobsite progress slowed down when they showed up, and started chatting with everyone, and that the project completion date was going to be pushed back.

I finally paid a guy $2K to empty it and clean it up a bit and sold it through a wholesaler for $10000 to a young, big-talking investor from out-of-town who was positive that all he needed was some basic repairs (that he confidently told me he knew all about).To date, that property is still under renovation.

To reiterate, Effective [Date], the monthly rent for your unit will be increased from [Old Rent] to [New Rent].To make this easier, we will throw in free high-speed internet as part of the deal moving forward.If you have any questions or concerns regarding this change, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address].