All Forum Posts by: Berek Dollinger

Have you considered creating a clean virtual walkthrough?  People can walk through at their leisure online, reducing the number of showings altogether, and sidestepping the issue of messy tenants as long as you can clean to standard before the new tenant takes occupancy. 

I just noticed many places were starting to do this during COVID. 

She's a charity, not a landlord.  She would be doing more good, more sustainably by charging market rent and using that profit for her charitable goals. 

It's the same old nonsense you get about gentrification.  "Oh, they've lived here their whole lives, and now they can't afford it."  Ok, then what were they doing their whole lives?  Seniors are the wealthiest segment of the population; it's almost as if they've had 70 years to build wealth. If they can't afford the area they've lived in "their whole lives," then chances are you're just subsidizing a lifetime's worth of bad decisions. 

I prefer to use my charity for people trying to better themselves, like micro-loans to 3rd world entrepreneurs, or for people suffering from things outside their control like cancer or dementia but to each their own. 

I think Robert Kiyosaki said the last things to turn profitable before a market downturn are Condos.

I'm pretty new, but if your bids for the rehab come in under 35k and you're not doing structural work, you might/should be eligible for a 203K Streamline FHA Rehab loan.

 I'm so glad it's not just me.  This thread has been very enlightening, so thanks for posting the listing.  Tilling isn't that hard, and you'd really only need to do the walls.  Looking at the bathroom and seeing that tile combined with the clashing floor in the living room makes me wonder what else the seller thought was "good enough."  Or if they ran out of money, what didn't they get to that I couldn't see?

Just my 2 cents from someone currently on the buyer's side of this market. Again, thanks a lot for sharing, Peake. I hope it closes smoothly this time.