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14 May 2021 | 14 replies
Signed contract with contingency that renters will vacate in 90 days.Updates along the way were renters found another place and have been moving stuff out.90 days is May 30 and just received word that the renters will not move out now.I assume our options are to back out or bend to the will of the renters.Renters are paying half the market rent (that will not even pay the mortgage let alone expenses) and I have a very limited time to rehab the house before putting in new renters.Any advice?
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14 May 2021 | 9 replies
This is also the easiest step to get stuck in (analysis paralysis, so UPFRONT set criteria (% CoC yield, debt coverage ratio, etc) that means you WILL take it to your financial institution and then put in an offer on it.
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14 May 2021 | 14 replies
Over half the renter pool of prospective tenants have a pet.
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13 May 2021 | 0 replies
To widen the driveway, I'd like to trim half of a 10 foot tall and maybe 7-8 ft wide privacy hedge (my adjoining neighbor is ok with that).One issue I'm running into - talking with others it's possible that the machines used to help trim (and tear out?)
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21 May 2021 | 28 replies
Now I have a PM manage half of my portfolio.
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31 May 2021 | 108 replies
From googling, asphalt would be half the price.
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28 May 2021 | 11 replies
This is the easiest way to get your first deals closed and build confidence.
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15 May 2021 | 8 replies
Second is that if you use an agent, you have a fair chance of getting the seller to cover their fee which for a deal like that is probably only half what a normal listing fee might be (perhaps 3% of the sale price).
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26 May 2021 | 16 replies
All these items need to be addressed prior to listing the property for rent.I've yet to see a property manager do half of those things in the NY/CT area.
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19 May 2021 | 4 replies
hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??