All Forum Posts by: Diane G.

Most of the success stories are purchases in 2014 or earlier.... I have a success story too - bought SFH in 2012 for $350K, now $995K, via doing...... absolutely nothing....

So it is timing, not because some secret sauce on C class.....

In 2012, I bought a SFH for $360K from Bank of America, the previous owner bought it in 2004 for $510K and watched the price go up to $700K, before it tanked....

What I learned is chasing is risky and patience will be rewarded, even if you have to wait 8 years..... Lol

@Todd Pultz - I did look up that Western Apt property on google, horrible story.... I think the current owners must be losing a ton of money...

Did  you use to PM this property up until the current owners bought it?

@Todd Pultz; 

@John C.

Thank you both for a fun weekend read.... I have been investing in RE for around 10 years now, and up to this point, I have been focusing on A+ kind of properties, but I have ALWAYS been itching about C/D.....The thing with A+ properties is they take 5-7 years after purchasing to cash flow...For a portfolio of $4.5M properties, I am cash flowing maybe $50K annually if I dont count principal paydown...If I include full mortgage payment (both principal and interest), then cash flow is down to $20K....

But reading your posts, apart from being so funny and laughable (in a good way), made me realize that I probably should stay in my lane as I clearly lack the skillsets needed to be successful in those property type....

B class is likely the most I can stretch myself into....

Money aside, this property will cost you more headaches and time and energy than the several hundred dollar monthly rental income is worth .....

what is SAVE?

I would offer them two month worth of money IF they move out right away... 

@Amit M.

I got $100 more now than the previous tenant, but then I did not raise rent for 3 years with the previous tenants because they were so good....Lol

Rates on investment properties are going thru the roof, from what I noticed...

And for jumbo loans, there is simply no offering of any rate....Sucks

@Glenn Levy

1900 is definitely not "too small" in my town... Lol... I think you will have to post a zillow link before you will get real feedbacks...