All Forum Posts by: Ben Capriolo

 Hi Nicholas,

Thanks for the insight! Have you heard or done this in any of your leases? I'm worried it would turn away good tenants and the only people that may accept is someone who may not qualify as a good tenant.

 Hi Brian,

Thanks for the response!

I like your ideas for your STR. For me, I was thinking more LTR so that's where the issue would come in about using the laundry room. I think it may be possible if I specify it in the lease and they agree to it.

I would definitely need to lay a walking path and lighting, that's a good idea. I am also trying to figure out the regulations with my HOA, but I don't want to ask specifically the reasoning so I skimmed the C&Rs and my deed but couldn't find anything that is clear.

Hi All,

I currently live in a 3 bedroom 3 bathroom house in the eastern panhandle of West Virginia (about an hour from D.C.) I have a basement that is about 700 sq ft that I am considering renting out. It has it's own full bath, own entrance, and access to a washer and dryer. It does not have a kitchen, though I may considering buying a fridge/microwave to be more appealing. I have a few concerns I was hoping to resolve. I would like to keep the door from the basement to the upstairs (my living space) locked and they can only enter through the basement door. The problem with this is, you would have to walk around the house through the grass to get to the door. Is this acceptable? Would I have to make a path that is lit up? Also, my washer and dryer are down stairs, should I avoid entering down there at all or would it be acceptable for to me to say I need to use the washer/dryer once a week? Is there any laws or regulations I need to look out for?

Thanks for any help!

Hello,

So my year lease is coming to an end at the end of January 2020. I have now decided I would really like to own my own home, which I plan to eventually turn into my first investment/rental property. So I'm going into this purchase considering it to be my home for a few years and then a rental afterwards.

Now, the situation....

Im currently looking through the market and really just waiting on a home that catches my interest and demands. The problem is my lease ends in January and one of my roommates doesn't want to renew or go month to month. Ive talked to our landlord and it seems as though if we don't renew or stay in the house, he would like to just sell it. Now, I think this townhouse would be a great purchase but I've already got prequalified and for only around $165,000. Ive briefly discussed with my landlord that I am looking to buy and he said he'd be interested in selling and told me that he thinks the house would be about $200,000 (which I agree is probably FMV). I told him what I was qualified for and said he wouldn't be able to go that low.

Now, Ive read a little about lease-to-buy scenarios but don't know too much. Would this be a situation to where it would work in both sides benefits?

I would really appreciate any type of input or suggestions as to what I should consider.

Any other ideas?

Thank you so much for your time!

Ben Capriolo

@Doug Smith

Thanks for the reply, Doug! How would one go about finding a mentor? Are you saying it should be someone local?

Hello,

I am currently 23 years old, renting a townhouse with some buddies and tired of throwing my money down the drain and gaining no equity. Conveniently, my mom is a real estate agent, but she doesn’t have much knowledge of actually investing in real estate (She’s a great realtor, don’t get me wrong). I want to buy my first property. I got qualified for a 30 yr with $0 down for a USDA home loan. I was told by my mortgage lady I was approved up to $160,000. I am looking for advice on what I should do. I want to buy a home that I can eventually, sooner rather than later, turn into a rental property. What techniques should I look for? I don’t have much, if any, experience fixing up houses or anything along those lines, but would love to learn because I am looking to get into real estate investing and building my portfolio maybe eventually with flips.

I have a 9-5 job making around $40k a year and save about $500 or so a month. (Probably could save more) Im really just looking on advice on how I should continue to best prepare and set me up financially for investing in real estate. Would it be a bad idea to keep renting and just try to save as much as possible? Should I try to purchase a home and rent a room or two out. (House hacking I believe its called).

Clearly Im a big rookie but really looking to get into this and hopefully make real estate investing a full time job.

Ps. I am also currently working on getting my real estate license here in WV.

I would appreciate any comments or messages! Im all ears.

Thanks,

Ben Capriolo

Congratulations! If you don't mind, how much time and money did you spend on the flip?