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24 September 2021 | 8 replies
Makes it difficult to get accurate value because of small sample size.Some infoLocation, affluent west shore suburb of Harrisburg, low crime, family oriented neighborhoodRanch style, 2400 Square Feet total, everything updated by hvac system (works fine)Each unit has 2 bed 1.5 bath, one is 1400 sq other is 1000Rent is 1450 one side, 1500 the other, renters pay all utilitiesInsurance, maintenance, and yard upkeep total 3000 a yearGood renter clientele, most are doctors or nurses, close local hospitalsBoth have separate driveway and yard Located in well of neighboorhood in low tax hampden township, taxes are 3500 a yearThe duplex was grandfathered, out of the 400+ houses in the development, there are only 5 multifamilies. 4 houses down the street sold for between 380-400k in the last 4 months.
30 August 2021 | 1 reply
In this case, I would imagine that it might be difficult to prove that the Seller meant harm, or falsely reported info.
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30 August 2021 | 5 replies
If there's an extra house on the property, it will be hard to find something similar and it makes for a very difficult and expensive appraisal that may or may not work for a lender.
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29 August 2021 | 2 replies
It was difficult to plan when we needed to be there for the remodel.
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30 August 2021 | 7 replies
You may run into an oral lease situation with a difficult tenant but that's not always the case so I'd say worry about that bridge if / when you cross it.
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31 August 2021 | 5 replies
You'll have first-hand experience dealing with contractors, materials, crunching numbers and if you don't quite have that backing, it can be difficult to communicate your expectations to any teams/contacts you build OOS.
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30 August 2021 | 2 replies
., you have no history of successfully running a rental - that's going to be a pretty difficult task.
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9 September 2021 | 4 replies
🤣)If you're lucky enough to put 50% down you can actually probably expect a reasonable cash flow, which is honestly a great place to be.I have not done a comprehensive market survey, neighborhood by neighborhood and zip code by zip code, to tell you (or anyone :) where the "best" area to invest is in terms of cash flow, rate of return, etc.However what I can say is that other investors have told me, and I have seen it myself over the years, that some of the "best" returns can be had in the most difficult areas.
31 August 2021 | 11 replies
It’s really difficult to advise not knowing what your current situation is @John Lee.
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1 September 2021 | 5 replies
I had one pair of tenants that didn't want any work done if they weren't there but made scheduling difficult, they were very unavailable.