We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]

Seven Reasons Why the Housing Market STILL Hasn’t Recovered From the Pandemic

The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities. Four years later, the […]

Back

All Books

Browse All Best Sellers New Books & Pre-Orders Bundle & Save Books for Beginners

Simplify your goals and find clarity for your investing

Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.

Get the Book

Save money and time with efficient property management

Make the most of your time and money as a DIY landlord. Pre-order your copy before April 25 for exclusive bonuses!

Pre-Order Now

Welcome! Are you part of the community? Sign up now.

Blogs life as a new investorboring rental property...

Posted almost 15 years ago

boring rental property...

Well, I haven't posted in a while. Mainly because my rental property is boring. I received one call last week to fix a leak in the kitchen sink drain. That's been it. NO eviction, no 2 A.M. water leak call, no stuffed toilet.

I am disappionted that I haven't been able to buy more properties, however. Investors are grabbing these SFH's before they come into my price range. With the exception of one that I'm making an offer on. it's a 5/2 SFH....and is VERY big. I may just flip it. Asking price is $36k. I can get $975/month in rent for it. Needs about $10k in repair...less if I rent it out. We'll see what the bank counters at on my offer.

Comments (2)

I agree Josh! Boring is good sometimes! :o)

Rich Schroeder, almost 15 years ago
Rich - Sometimes boring can be a good thing. The less drama you get from the properties you have, the more time you can spend doing other things.

Joshua Dorkin, almost 15 years ago