All Forum Posts by: James Halk

Hi, I've purchased a SFH in the Birmingham, AL area for a buy and hold rental, and the home inspection noted some possible mold in most rooms and signs of wood infestation in the baseboard trim and some in the crawl space. Looking for recommendations on mold and wood infestation inspection companies that you've had a good experience with.

Thanks in advance,

Jim Halk

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Hi, I'm a newbie looking for some guidance. I've been using the rental calculator to analyze deals I've found on the MLS. I've found a few that are already tenant occupied and I only analyze them if I see that the 1% or greater principle applies. So in this case it rents for 700/mo and the listed asking price was 70k. Once I fill in all of the fields, it barely cashflows. Am I missing something or does this really just highlight that the real cashflow is found when you solve a problem with a property, i.e.- forcing equity or rehabbing altogether?

Thanks,

Jim Halk