All Forum Posts by: Matt Kuhn

Hi BP,

So many people here recommend LVP in rentals and I'm curious to know how durable it is. We just closed on our first property in a small college town and I'm far from ignorant... Can LVP withstand a keg being dragged across it? I understand it is waterproof which is a plus but every person over the age of 50 I talk to only has bad to say about vinyl. 

Thanks

Thanks again Donald,

Being an accountant, is there a certain time where between interest costs and depreciation, a rental is no longer giving off 100% sheltered cash? I know you get 27.5 years to depreciate the property, just wondering if you have done any research into when an investor would look to exchange into a larger property or another one.

Thanks.

Donald, 

The reasons we are looking at a duplex specifically is one tenant is less headache for us as this will be our first investment property, the lenders we are pre-approved with are only interested in a duplex nothing larger for first time buyers programs, and our city is loaded with side by side duplexes.

Just convincing my wife to buy an investment property took a lot of Chip and Joanna Gaines books, and the agreement that it would be "cute" as some of the duplexes are brick Tudors with wood floors, fireplaces, and in up and coming older neighborhoods. 

@Omar Khan I am actually using a realtor, who has offered to help by doing the transaction for a flat rate since they are both realtor and broker. The realtor will only do this if I find the property and keep it off the MLS.

I also have reached out to another realtor who invests and am on the often daily email chain of new properties.

As far as meetups I have met a few older investors from my side job tending bar at a private golf club who have been incredibly helpful. They tend to only own single family but have said they would be on the lookout for duplexes of their friends. 

It's just getting frustrating that with appreciation more people aren't getting out with age. 

Thanks Alina for the well wishes, I have been doing public records sales searches in the county assessor to find properties sold a while ago. 

Thomas S., Apart from the obvious Craigslist and Zillow where is the best place to look for properties with below market rents? I have also been combing those sites for rentals to find owners with vacancies hoping they are over leveraged and would sell. 

Chris, besides befriending a sheriff at my local Dunkin donuts, how would I find a list of evictions.

Thanks everyone!

Hello all,

Weird title for this post and thanks for clicking on it.

My wife and I were just married Saturday and are finally looking to buy our first home together. Our market is overheated (I know everyone's is) and she is going back to grad school in the fall so we are looking at a duplex to offset that cost. Her most attractive feature is her lack of student loan debt, so we (I) would like to keep it that way with some rental income and equity building before we have kids. 

That being said, as I start to write letters to some duplex owners, is there a sweet spot for when an owner is most likely to sell? I am thinking 15 years or longer those owners are most likely to sell as the depreciation isn't offsetting gains the way it used too but I'm not sure. Any advice to target my letters and use the remaining stamps from thank you cards efficiently would be helpful!

Thanks