All Forum Posts by: Rod Hanks

@Juan David Maldonado

Find a couple houses in the neighborhood that are similar to yours that have sold for the value you think yours should be and upgrade it the exact same way. For example, if the other houses have granite counter tops, new windows, new hvac, ceramic tile etc. upgrade yours the same way or better.

@Barrington Webb

I would suggest you sell and work on your credit for the next rental. If you scrape up funds to fix it and get a bad tenant you will wish you had sold it. Bad tenants are very expensive and this is not the business to be in with little to no reserves.

@Tony Zhang

The market is hot. She has no reason to lie about multiple offers and a deadline.

@Josiah Hrusch

What's the ARV, how much to fix it and what are market rents?

@SivaNaga Prasad Shola

Those terms seem reasonable for an investment property. But I would compare the rate without any discount points to see if it makes sense to pay to lower the rate.

@Michael J.

Two things I love as a landlord. 1. Pays on time 2. Fixes what she breaks. She’s a good tenant just request that she communicate more.

@Lynette Pang

Everything is predicated on what the lease says. But I would think the right thing to do is for the landlord to pay for hotel why the unit is being fumigated.

@Lauren Cook

80/20 seems one sided. It seems like you are doing all the work. You are worth a lot more than 20%. If you find the deal the money will follow. There are plenty of silent investors who will give you a more favorable split than 20%. Personally I wouldn’t do a partnership less than 50, unless the partner is doing all the work and I’m just providing the funds.

@Jeff Langley

I always try to get into a property with as least invested as possible.

@Matt Huber

No one can answer that question without looking at your lease. My lease says 30 day notice which is pretty standard.