All Forum Posts by: Justin Knox

Need some advice. The provided refrigerator in my property just broke while a tenant was there. I know that I’m responsible for fixing the refrigerator, but my tenant is complaining about the spoiled food that was in the refrigerator. I wouldn’t be responsible for reimbursing him for his food right?

I have not performed underwriting yet. The rent comps are as is, the properties don't need any renovations.  Thanks for your help.

I'm close to purchasing my first investment property. I'm torn between three enticing listings. Listing A is in a Grade C-D neighborhood priced at 124k with rental comps around 1250-1350. The neighborhood is close to many new developments because of the proximity to the downtown city area. Listing B is a suburban townhome listed for 195k with rental comps around 1400-1500. Grade B area with consistent rental tenants. Listing C is also a suburban townhome listed for 129k with rental comps around 1200-1350. The offer for this can be lowered. Listing B has the highest property tax, followed by C and then A. Need some advice on determining the most important factor in comparing listings that are all promising. Thanks for your time.

 It's a MF, brand new construction

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey, just wanted a little feedback on this multifamily property. According to the analysis does the property look promising for a long term rental hold? I'm a first time investor, but I've been preparing for a year now. Any feedback would be appreciated.