All Forum Posts by: Kevin Perez

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $89,900
Cash invested: $2,500

Ended the year with one more property in St louis! invested a little more in bringing the property up and modernizing the home adding newer flooring. Property was definitely Turnkey when purchased only had to worry about repairs that came with STL re occupancy inspection

What made you interested in investing in this type of deal?

Very minimal Work needed to get it up and rented at a very good price

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Conventional

How did you add value to the deal?

Updating flooring renovating minor bits and pieces and renting it out

Lessons learned? Challenges?

Need to have a very obvious egress in basement to be consider a 4 bedroom

I appreciate the Advice - you say i can only do this in the beginning of the lease but i can also implement it when they want to renew the lease right? I just unsure if S8 will accept the bill coming off a submeter or RUBS system. I have a handful of other properties but they are majority SFH so it is easier to lease and have utilities assigned to tenant.

I Currently Own a Duplex in Montgomery AL, the property sits on one meter initially i thought covering utilities wouldnt be so bad due to how much cashflow i was receiving from the property but it has been my lingering issue. I am thinking of meter splitting the duplex is vertical where there are stairs on the outside that take you to the front door, it has its own kitchen bed room living room and was accepted by S8 as a one bed but my concern is that when i have to make it verified by the city if they wont accept it just because it doesnt have a back yard and i dont want to open a pandora box of issues by calling the city or attempting the meter split and them telling me it cant be done. I might be over thinking it but would really appreciate some advice from anyone who might know a little more than i do. This was my first rental by the way so excuse my ignorance on not knowing what a meter was LOL 

Anyone have reliable Contractors and Electricians in St. Louis Area? That Charge reasonably Please  

St. Louis investor! feel free to reach out! 

I am interested! 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $56,000

This was a nicely situated 4 bed room that i was able to find at 55,000 was able to offer in at 54,000 but had roof and windows that needed to be replaced so owner said if he repairs if i can come in at 56,000

What made you interested in investing in this type of deal?

How low the purchase price was and how it was a cashflowing asset from day 1