All Forum Posts by: Mike Bargetto

can we see photos please? Interested. Thanks!

Welcome to Charleston Mike Goldberg ! Investing aside, Charleston, SC is a spectacular city. Enjoy your new home Mike Bargetto

welcome @Sharee Mason!! It's a beautiful place! Stay dry when you get to Charleston. 

~Mike

@Chris Tiff I just sent you a message. 

-Mike Bargetto

Matthew Osborne listen to 50-60 podcasts here on BP and you'll know enough to find a good deal in your market(s). 50-60 more and you'll find a few more. This has been such a fun "hobby" for us that I get so excited hearing others that are gung-ho and fired up. Get after it Matt and have fun doing it. Mike

Scott, I am now just seeing this posting. Is your home still for sale? 

Mike Bargetto

@John Semanchuk very insightful and straightforward. Thanks for the help on this. I will do just that. Giving the tenant a few months to pay the last month can lessen the burden. 

Thank you,

Mike

We are closing on our first buy and hold unit (before it has been vacation rentals only) and I am wondering what to do with our tenant regarding rent and deposit. We have a rock solid lease agreement but I don't know if asking for first, last and deposit is too much. We are renting the home out for $1375. 

First, last plus deposit of the same amount would be $4125 which is a tough pill to swallow. 

Any help would be appreciated. This is the home in Charleston, SC I mentioned last week. 

Thanks BP!

Mike

@Russ Scheider I'll message you for details. Thank you. 

Thanks everybody for the replies to this post. @Chris Strokes I purchased a 3/1.5 1200 sq. ft. SFR in West Ashley for $153,400 appraising for 160k. It will rent between $1350-1425. Because of the high insurance (flood zone) the cash flow will be less than desired but everybody keeps telling me Charleston is better in appreciation than in cash flow.

@Russ Scheider and @Joseph Jurcak, I will send you both a message and we can connect. I am looking for great people in Charleston.  

Thank you everybody else who got on here to say hi.