Rodney Sums
An interesting "should I rent it or sell it" question
3 April 2018 | 18 replies
Though your HOA fee seems reasonable, you still give up control and it can go up or you could get hit with special assessments if it is underfunded.So, if cash flow is not great, and appreciation isn't likely to be great, the only thing that leaves you as a return is mortgage paydown, which is not to be ignored, but will take a LONG time to add up and I think you could do better.So, I'd consider downsizing to a smaller, less expensive house (which sounds like your plan anyhow), where the numbers as a rental would look better, without a HOA, that is cosmetically challenged and maybe a REO so you can buy at a discount and put in some sweat equity, smallest most rundown house in a solid neighborhood, and eventually (maybe if/when the market dips next) turn it into a rental and buy your next place but fix it up and save like crazy in the meantime.
Shelley A.
bathtub damage, use security deposit?
8 November 2016 | 4 replies
We had a tub done and it was about $450, but we negotiated for a discount and got $100 off.
Stanci March
Would you do this deal and how would you plan for a 5 yr balloon?
17 November 2016 | 16 replies
I may make an offer contingent on the owner discounting rent for the three vacancies and getting those filled.
Justina R.
Feeling stuck- Starting out
6 September 2019 | 27 replies
It certainly makes it a lot tougher and I'm not discounting that, and I'm not saying you should house hack.
Nick B.
Where do motivated buyers come from?
21 June 2017 | 19 replies
In this case I don't think you can discount the institutional investors.
Cave Johnson
Ikea Cabinets in a flip
17 August 2016 | 17 replies
I have a discounted building supply store In my area.
Julius Dixon
How do you verify income on a property (rent rolls, leases?)
6 February 2020 | 12 replies
I don't think you will get anywhere with saying to a seller "well because you lied to the IRS, I think I should get a discount on the property."
Casey Kooiman
Buying Via Wholesaler
30 August 2016 | 14 replies
If you don't have MLS access and know how to comp properties this is a skill really worth learning and there are lots of youtube video that can help with this.The value of wholesalers is your ability to buy at a discount and that can be a huge asset building your portfolio if you add to it the knowlede of comping properties and estimating your rehab accurately.
E. James Song
What % discount should a tenant receive for a nonfunctioning oven
23 September 2016 | 3 replies
From your assessment, what % would be a fair discount ?
Malcolm Barrett
Title companies and Attorneys
20 June 2016 | 5 replies
A lot of people throw that term around here for agents and title companies, and it can sometimes mean "someone who will do things I want at a discount/free because I tell them I am a real estate investor".