All Forum Posts by: Jordan Kuhle

@JooYung Choi I agree with this. My dad and I do hvac and plumbing, so we'll have to remove drywall etc. I think I'll spend the extra money up front to convert it. So the appraisal won't be based on NOI and cap rate? I wasn't sure because the unit is only ideal for an investor or someone looking to house hack.

Hi guys! Finally bought my first rental property. It is a duplex in need of a full rehab. I am wondering what appraisers focus on more with an investment property? NOI or condition and amenities. I can lower my monthly expenses $300 a month by splitting the gas and water, but it would cut into my rehab budget quite a bit. In a perfect world I would split utilities and do a full renovation, but for now I'd like to focus on getting a high appraisal and getting my money out of the deal. Then I would save up the money to convert the utilities over the next few years. Just wondering what you guys would do in this situation and knowing what to focus on for a higher appraisal. Thank you!

Hi everyone,

I'm looking for single or multi-family homes in my area and none of them cash flow unless I buy them far under market value. I have looked at mobile homes and foreclosures. Can anyone give me some guidance on pre-foreclosure auctions? I'm understanding that I can only use cash to purchase the property. What should I look out for when it comes to liens and buying a property that I can't inspect before purchasing?