All Forum Posts by: Frank LaQuaglia

I have a 3 bd, 1 ba. 1100 sf house in Akron, Ohio that I'm trying to rent. We have had a lot of people come thru and take the application. We think we're priced right at $777.00. 

Someone suggested turning it into an airbag. It would have to be furnished and there would be no guarantee of income.

Has anyone in Bigger Pockets  tried this with a rental?

I invest in Stark and Summit counties in Ohio. I rent SFH in both. I'm finding very few deals on the MLS or other local sources. Prices seem to be high for the condition of the house. I started a letter campaign to find some deals. As for taxes, that depends on location. Frank.

I started real estate investing less then a year ago. Just closed on my third buy and hold SFH. This one will take less then a month to do what is needed and then list it. If things go as planned it should provide a 23% ROI and a > than $250 in cash flow.

I learned a lot reading blogs and listening to podcasts. This is a great forum!

welcome. I'm a newbie as well starting with buy and holds in the Massillon, Ohio area. I've been listening to the podcasts since I joined. Lots of great information.

In the past couple of weeks I have run into two potential houses that use boilers for heating. One house had a separate AC system with ducts and the second did not have any ducts. I'm thinking that the 2nd house will need a new furnace, AC and ducts. On the first house I can probably use the AC ducts for heating and cooling. I'm working in the NE Ohio region where it gets pretty cold in the winter.

Any one have any thoughts on boiler systems. Should they stay or should they go?

thanks

they will allow you to do all of inspections you want but the contracted price is non-negotiable. Inspections are after the contract is accepted.

Looking for some advice. I am looking at a house and the seller will not re-negotiate the contract based on an inspection. My first thought would be to plan for the worst, hope for the best and drop price up front and drop the price. 

They are asking 49k, the ARV is about 140K and the repairs could reach 67K. There were comments by the listing agent that the well failed and the septic may need upgraded or replaced. I put a cost of 18k in to cover this. I won't know if it will be needed or not.

The window to see the property is limited and there will probably be a lot of interest in this property. I plan to do an in depth walk thru this afternoon and try to cover all of my bases. 

What are some of the other things that I should look at before I sign the contract? 

thanks,

Frank

I have not noticed any heaving yet. Just being cautious and trying to cover my bases. I always get a home inspection. I like the camera idea. I'll probably get an inspection scope for starters. Thank you for your input. 

My wife and myself a newbies to real estate investing in the northeast Ohio area. More specifically the Stark and Summit county markets. In our search for deals we run across slab houses. Our biggest concerns would be cost of repairing plumbing in the concrete. Another concern would be the possibility of mold in the ventilation ducts that are buried in the slab. Anyone with good and bad experience on slab houses would be helpful.

Thanks in advanced. Frank & Carolyn LaQuaglia