All Forum Posts by: Noah Laker

Hi all

I am a Sac State student doing taking a RE Investing class and I am working on a project. I am trying to make it as realistic as possible because this is something I would like to do in the real world. I was hoping that I can get some insight in what is considered a "successful" flip? Is it 5%, 10%, 20% profit? 

Also rehab costs. How to estimate rehab costs? Pricing seems to vary greatly depending on region, is there anyone here in Sacramento or Northern California area that could shed some light on rehab costs?

Thank you all

Hi,

I have a new build closing mid April and I am considering doing a midterm rental. What is the cost to furnish a 3/2 1300sq ft rental?

Thanks,

Bari

I recently started up my first STR and went with the Schlage Encode smart lock based on recommendations on here and the Channel Manager compatibility for auto assigning codes. Thus far, 2 out of 6 guests have had issues being unable to get their code to work.

I'm fairly certain that the issue is the guests being unable to see the numbers until they touch the keypad. If they start by pressing the incorrect number and do that too many times in a row the lock no longer allows attempts for a certain period of time, at which point they have each contacted me. I have a backup key and the ability to unlock it remotely from my phone; however, I'm not only concerned that this is pain to deal with, but it is also a stressful first impression for the guests and could result in bad reviews.

Anyone else experienced this or found a solution?

Hey all, I have a home in Lawranceville Ga that I listed for rent, I got approached by a rental arbitrage company that rents out homes for traveling nurses and mid term rentals and wants to lease my home on a 18 month lease contract. After listening to BP podcast #728 I'm open to the idea. I have the home listed at Market rents and I'm getting a good amount of interest. Since it will be used for mid term rental and more people will be in and out of the home compared to only one  family how much more should I charge for the rent and what addition should I add to the lease contract to protect me? thanks 

Congrats!!! Sounds like a successful super bowl season. Did you notice any difference in quality of tenants when you reduced pricing? 

Nice job. You did a heck of a lot better than this guy who saw his occupancy at 45% across 95 properties.

Good for you! Sounds like you knew where to draw the line on pricing so you didn’t get left vacant like some did 

Hello all, I’m Tyson. I’m looking to start investing in real estate to reach financial freedom and generational wealth. I’m in it for the long game but don’t quite have what’s needed to just buy another property and flip or brrr. I’m looking to build relationships and hopefully get some advice or mentoring on getting into this game! Here’s my situation and idea to get started; please let me know if I’m headed in the right direction:

I just bought a 3/2.5 w/loft and expanded 2car garage with my brother in 2022 right before rates went crazy with some equity in it. We are living in it, but looking to cut our mortgage expenses to start saving for another property. The bathrooms need renovations (one worse than the others), kitchen could use a facelift and some new floors would instantly raise the value. The master bedroom has attached master bath with 2 sink vanity, standing shower, big soaking tub, and separate toilet room. I’m thinking about refinishing the shower and replacing floors in the master bathroom and renting the master bed/bath either LTR or MTR while we renovate the rest of the house. Once house is renovated we would look to rent it out completely or continue house hacking it while picking up another property to potentially do the same thing. Here’s my hang ups and where I’m asking for advice:

Would someone rent a place that’s being renovated while they live there?

Is asking 2/3 of mortgage too much for renting the master bed/bath?

Should we just renovate without a renter and then house hack/rent once renovations are complete?

I appreciate all feedback and suggestions/advice given. I’m also very willing to exchange information with you to discuss this in more depth. Thank you

Hello,

I am sure there are a number of people having great success with single bathroom homes. However, I often see very attractive deals but they are 3,1 or 2,1. I am starting to think that multiple bedrooms with a single bathroom are not as attractive to renters and buyers. I suppose that my question is that it seems that these deals seem a lot less desirable than 2 bathroom homes for rentals and flips. Would my assumption be correct? Thank You