Joe P.
"A year+ of progress...or maybe not." Deal Analysis after 1 Year
Thought this would be fun to expose some of the financials and situations of my current rental.I purchased a duplex in Gloucester City, NJ in July 2018; I've had it now for over a year.Here are the initial numbers:Pur...
David Yue
Paying all cash vs putting 25% down?
Hi, just wanted to get some general advice from some seasoned investors. My wife and I currently both work and make pretty decent salaries, were in our 30's and are paying off our 15 year mortgage on your primary resi...
Jon Klaus
Has your market peaked?
How do you see your market? Have sales or prices peaked? What are the unique characteristics affecting your market? Where do you see it in 1-2 years?In Austin, sales are still high, but down a little from last year...
Randy B.
Does updating a rental property tend to bring a higher caliber of renter?
We have two 4/2.5 SFRs in Murrieta, CA that were built in 1988. They have never been updated so they still have those ugly oak cabinets in the kitchen and bathrooms as well as the old fixtures and plastic shower/tubs ...
Chris Purcell
Do you raise rent on good tenants?
My theory is if a tenant pays on time and takes care of the house, leave the rent alone until they move on and then adjust it for a new tenant.Have heard so many times from friends where their landlord raises it and t...
Sheryl Brown
Mold
We moved into a house 6 mos ago, every since we moved in my husband's health has gotten worse he is 52 he has became extremely fatiqued, sinus probems has gotten worse, I was working at the time until 6 wks ago I woul...
Aaron Wadsworth
Asking for critique, suggestions and advice on 3 potential plans
Hey!
The title was a little too short in characters to allow me to fully describe the post, but in simplest terms i'm trying to ask for advice and critique of my plans - in addition to leaving a record in case I or w...
Chuck E.
Tenant Complains AC Not Cooling to 68 degrees, Outside Is 114 degrees
This issue has occurred several times at different properties: tenants complaining that the AC isn't cooling to a ridiculously low temperature when the ambient temp is about 40 degrees warmer. My response has been tha...
Rob K.
New furnace regulations - applies to all of us in the Northern United States
http://gilsonusa.com/sites/all/themes/gilson/pdf/ACCA-Northerners-ReplaceFurnace1.pdf
My furnace guy called me about this today. I hadn't heard this before. Any furnace installed after May 1, 2013 needs to be at leas...
Justin Goodin
“Conservative UW is Dead”
“Conservative underwriting is dead.”
Rob Beardsley brings up a great point. It’s extremely difficult to be an active real estate investor in this market if you are using extremely conservative underwriting technique...