All Forum Posts by: Conner Olsen

I am currently under contract on a duplex. The main part of the house is a 3/1.5 and it consumes the front part of the building. The back of the building has an attached studio "cottage". I am thinking that about setting the the 3/1.5 up for an LTR and then furnishing the studio to use as an MTR, since the property will be 1-2 miles from one of our major hospitals. Has anybody ran into any issues with blending their property as a LTR and an MTR? 

Hello!

I have a 4 bedroom, 2 bath fully furnished w/ pool property in Surprise Farms III Community posted on Airbnb, Furnished Finder and multiple insurance companies however the house is not getting renting. Does anyone have any tips or additional posting suggestions for this gorgeous property?

Tasha Home Away from Home | Furnished Finder

I’m a first time home buyer and looking for some advice. I purchased a condo in December 2020 (in DC) and currently live in my unit. I’m moving to NYC in mid May and will be renting out my DC condo around June 1st. I have a good interest rate (2.75% rate) and have been paying an additional $250 down on principle each month. At this rate it’s estimated that I’ll pay off my loan 10 years early saving ~$31k in interest payments.

If I stop paying additional $250/month on my principal my cash flow will be more or less break even on month. However, if I pay down $250 extra on principal each month I’ll have negative cash flows but I’ll build equity in the property faster and avoid paying more interest in long run. What’s the general guidance when considering additional monthly payments on principal?  Am I doing the right thing or should I forgo paying extra down on principle each month?

Hello,

What is a good and (if possible) kind way to communicate to tenants that if they were to renew the lease, the rent will be increased at the legally allowed rate, which in this case is 10%?
They are currently in their third year and last year had $0 increase but the rent price includes pool and garden service.

I posted the home on Zillow, at 13% above the current rent, and there is a healthy amount of interest so my guess is the current rent is way below market rate.

I would appreciate insight from people who have gone through this and/or others who have good advice.

I came across a rural 40+ acres, with road access, that would be ideal for an outdoor shooting range in Southern California. The land is zoned for recreational use. Purchase price is 700k. I’m still gathering more numbers for excavation. If you’re a firearm enthusiast and a frequent range attendee, you understand the potential here. If you are interested, this needs to be a long-term play for you. Please send me a message expressing your interest.

I will be graduating from college in June with no debt. I have around 60k saved up and have a job lined up. I have a couple questions.

Will I be able to get a mortgage?

Should I invest locally or oos? (located in Seattle)

If oos, what markets should i be looking at?

 I'd imagine far fewer people know about FF compared to ABB as well. 

Just curious, why are you investing in real estate? Is is for the freedom, passive income, wealth creation, bragging rights, to start a business/ real estate empire, or something else entirely?

Let us know in the comments! 

Thanks for the help, John. To confirm, is it land value at the time of purchase or land value when property converted into rental?