Danny Hutchinson
Fix and Flip or Buy and Hold
15 June 2019 | 0 replies
Purchase price: $293,500 Cash invested: $76,500 4 bed/3 bath project at a crossroads...Should I sell it for mid $400s or rent for $2400 range?
Account Closed
"what would you do if you only had $20K to start investing?"
6 July 2019 | 53 replies
Free and clear properties aren’t the fastest way to scale but the cash flow is sweet and they can retire you very quickly and safely.An example deal just sold in my turf, unfortunately my offer didn’t get accepted, but I wasn’t willing to over pay.B- Duplex in the Midwest 2 bed/1 bath on each sideSold for $78k (I wanted it around $70k)Currently rents for $500 per side to long term tenants Rehab needed $12k-16k (3 floor joists and could use a new roof, could use some cosmetic upgrades but long term tenants wouldn’t require it but I would have done these upgrades in the future during tenant turnovers)Rent potential $675-700 per sideARV $130kThese deals come up fairly often just need to look constantly and analyze deals like crazy until you find one.
Tyler Holzer
Do you cap windows on your rentals?
1 July 2019 | 20 replies
(Beds/baths/appliances/yard/garage)
Trey DeJohn
Renting out rooms - Owner Occupied - What’s Allowed?
17 June 2019 | 4 replies
It’s a single family 4 bed home with the intent to rent out the additional rooms.
Account Closed
First Rental Investment (Triplex in Hawaii)
26 June 2019 | 5 replies
Beds and baths per unit?
Account Closed
Buying a house 2 doors down from an eye soar abandoned house!
6 July 2019 | 4 replies
Sfh, 4 bed, 1.5 baths (and plumbing for another in the basement), brick home and in a decent C neighborhood.
Thuy Pham-Satrappe
Do you buy small MF (2-4 units) for cash flow or appreciation?
17 July 2019 | 160 replies
Here is a short list of unexpected costs that can reduce CF, or easily eliminate it altogether for years especially if the margins are thin and the property only kicks off a few hundred/mo (all of these are actual issues I've dealt with in the past few years that effected CF): Annual Backflow Prevention Assembly Tests/Code changes requiring additional backflow prevention devices“Churn”: high vacancy and turnover rate/ tenant drama/ evictions/ turnover expensesBad PMBad tenantsHOA fee increases/special assessments (condo/townhomes especially but also MF/commercial complexes)Trash hauling/property cleanup—ghetto properties are trash magnetsCrimeTheftTenant DeathMileageToolsTenant placement: screening charges, advertising, professional photos, travel, 3D tours, etc.Property tax increase based on sales price you just paidInsurance rate increase based on a claim you made or a high number of claims in the area Trees-- maintaining trees costs more money than many people realizeAnnual Sewer ScopeAttorney feesTravel costsPest Control—We recently had the unexpected pleasure of evicting some bed bugs from a newly acquired 8 unit building.
Tim L.
Feeling Lost - First Property Looks Cash Flow Negative :(
29 June 2019 | 30 replies
I purchased a 2 bed/2 bath condo in my area with the intent to live in it for a bit before ultimately renting it out as my first investment property.
Rigo V.
Need advice on how this deal! Lake front four unit
17 June 2019 | 7 replies
There's 2 units that are 2 bed 1 bath, those can rent for about $1800 each.
Melissa Leo
Newbie with possible red flags on property?
17 June 2019 | 8 replies
We found a very small house (2 bed 1 bath) house for $47,000.