
23 October 2021 | 12 replies
@Dwight Cook if the property is producing income it may actually be easier.

25 October 2021 | 11 replies
One is worth $220,000 and the duplex I house hack if I moved out and got at market tenants in both sides would be worth $280,000 leaving about an $600 cash flow and a 10% CoC return to attract an investor.

28 October 2021 | 12 replies
Additionally, I negotiated that the seller do a new exterior paint job ($20k), $6,500 in landscaping, and $5,700 in deck work to transform the exterior to attract new quality tenants.
7 November 2021 | 23 replies
A $50K house is not going to be in a nice area or attract quality tenants.

22 October 2021 | 4 replies
They were able to send me what the solar produced and it was around $200 in electricity a month.

24 October 2021 | 3 replies
The property is still producing cash flow so that's still a win in my book.

3 November 2021 | 21 replies
Over the the episodes from the past two weeks, David from the BiggerPockets podcast has brought up that real estate will be harder and harder to from the "small guy" to get into each year due to factors like: inflation, hedge funds being hyperactive in the market, the lack of supply and high demand causing an increasingly competitive market, real estate being a more attractive investment for our current economic condition, etc...
25 October 2021 | 4 replies
Yes, I agree that any needed maintenance work is just needed and expected (roof, mechanicals, etc) and not substantially change any values, so to focus on what may attract good tenants and higher rents (adding a deck or dishwasher, etc.).

24 October 2021 | 2 replies
The property is also in a very attractive location, within walking distance to the downtown area, and has an extremely rich history as it is was the historic town hospital.

25 October 2021 | 2 replies
In my experience, if the rental income doesn't attract an investor at the price, you won't even get any bites from the investor pool.