All Forum Posts by: Jon Wright

@Vijay Sid I’m an agent and investor in the shoals area. The Florence market is good and you can generally get a higher rent per bedroom over there. I invest on the muscle shoals side of the river. Generally I’ve found better deals over there. I’d be glad to help you any way I can. You can find me on social media as jonthehouseguy

@Christal Wilson

Denise Evans is very active on bp and would be my first choice for something like that.

@Tiko D. Blane get a book called landlording on autopilot by Mike Butler.

It’s great information for establishing systems to not have to chase rabbits every month.

Hey guys, I’m trying to work on being more involved in the forums again. I’ve fallen off for a while but I’d like to network and help other people as much as possible so if you have a question that I might could help with let er rip and I’ll do my best to answer them.

@Parag Doshi I don’t put ice makers anywhere. Another water line is another chance for a leak. The plastic tubing on most refrigerators is cheap and easy to spring a leak.

That being said if you’re renting out something on the higher end there will be a different set of expectations and you may need one.

Short answer

Depends.....😉😄

@Victor Mercado I’ll look at it

I live, invest, and am a real estate agent in the Shoals area ( about an hour west of Huntsville) I agree with what has been said previously. It’s definitely a street by street neighborhood analysis in our local market. There are some really good opportunities in our local market and some that look like good opportunities that I would not touch. Here the university proximity plays a big part in the rental market.

Payment ,taxes and insurance would be about 650 to keep both properties

I have a property I have been rehabbing for the past couple months and the finish line should be crossed this week. I will have about 60k in it and could probably sell it for around 90-100k. The house was completely gutted and has all new plumbing, hvac, cabinets, appliances, flooring, water heater. Literally like new construction on the inside. The house would rent somewhere between 650-700 in a c+b- neighborhood. I have another house under contract to buy for 46k that will rent for the same as the first house. I’m torn between keeping and renting the first house and getting a mortgage on it to buy the second house or selling the first one and getting a mortgage to buy the second and use the proceeds from the first to roll into the next flip. I’m sure there are a variety of opinions but some different perspective is what I’m looking for. Thanks in advance.

Car wash maybe? Covered parking? It’s definitely unique.