All Forum Posts by: Bruce Woodruff

I thought AI was supposed to be so impressive. A child could have done that.

So you're only going to break even...even after raising rents to market? And right now you'll be running $600 in the red every month? Did I read that correctly?

Why is this a good deal?

It's always a good time to start. Always. You just need to adjust your expectations and goals a bit. Maybe this is the time to buy a serious fixer? Or go the STR route? We can't say from outside the bubble, but start looking at all of the various sub-markets within this huge RE industry.....there will always be something that works.

What do you foresee happening with that area (RE market wise) in the next 5 years?

The $600 mo, and $15-30k profit would not be enough to make me sell. Particularly if you can see that in 5 years you might have $100k in profit from a sale.

@John Underwood ^^^ bamboo cutting boards. HAve you tried some of the new non-stick like they have at Costco? I saw some being demo'ed in-store a while back...maybe they're better quality....?

VRBO is definitely worth it. They are the original STR company and in some areas are the main player. As @Travis Timmons said, they can be kinda 'clunky'....but you can;t ignore them if you want to have a successful operation.

Yes they want your total tax rate. Maybe call them if you still have questions....I always found them to have much better customer service than ABnB.

Sounds like great cash-flow. Ask about the tenant verification items like Credit score and past history. They don't have to share (may not be legal) but then you can withdraw your offer. Have you met the tenant? What's your gut feeling?

Assuming that they are paying their own electric bill....then I think the cost being split would be fair. They should not be using your dryer outlet, especially without asking you first IMO...

 How much was it?

Best of luck on your journey, both in REI and life itself! If you;re doing REI, you have found the best place to hang out, ask questions and get advice from people who (usually) ask nothing in return.

So ask away! What is your RE plan?