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Updated over 4 years ago on . Most recent reply

User Stats

99
Posts
46
Votes
Tyler Smiarowski
  • Accountant
  • cedar rapids, IA
46
Votes |
99
Posts

How many properties do you own?

Tyler Smiarowski
  • Accountant
  • cedar rapids, IA
Posted

I own 6 rentals and currently have 2 flips I am rehabbing for a total of 8. I would be interested to see the relationship between the number of posts and the number of properties people own. Thanks

Most Popular Reply

User Stats

71
Posts
38
Votes
Andrew D.
  • Investor
  • Cedar Rapids, IA
38
Votes |
71
Posts
Andrew D.
  • Investor
  • Cedar Rapids, IA
Replied

@Jay Hinrichs 

I don't think Cedar Rapids really has any class D properties but I do have a few class c that really cash flow great and stay rented with very little headaches.  The majority of my properties are about 100 yrs old and were foreclosures or estates that required extensive remodel.  Quite a few I've got about 65 to 70k into rent for about $900.

I'm starting to make the move to upper level (in my mind) ranch houses built 1970s at least 3 bdrm 2 bath.  I can have them rent ready for about $100k worth $125-$135k and rent for $1150 to $1250.  My 4 bdrms rarely ever go vacant and I notice a lot of people viewing my 3 bdrms are really looking for 4 but I never have any available.  Possibly a niche market?

Currently very slowly finishing basement in my personal residence to make it a 5 bdrm 3 ba rather then just a huge rec room that way when we outgrow the place it makes it more rentable or sellable.

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