All Forum Posts by: Mike Toole

Hi,

I'm planning to rent out my house for the first time and having a lot of questions. It's a single family house with 3 bds and 2.5 baths. I'm moving to a much smaller unit (either a studio or a 1 bd condo)

I haven't started listing my house yet, but I want to know if I should keep my furnitures until I found a renter (given the renter has his/her furnitures), or I should start emptying the house before listing.

If anyone has their experiences regarding dealing with the furnitures please feel free to share with me!

@Jake Soper

Hi Jake，

Hopefully I'm not too late, but I'm a new investor who's currently learning ways to find deals also. With that said, I'm also interested in your template/campaign and would like to it as a reference to develope our strategy. Let me know!

Hi,

Knowing that BRRRR involves in getting an ARV thats high enough to get your initial investment back, I wonder what's the best thing to do, let's say when your final ARV happens to be less than expected. Should I immediately sell the house? I assume with low ARV, your rent will probably not going to generate enough cash flow anyway. Has anyone been thru such case?

@AJ H. Thanks for the response!!!

Hi All,

I'm new to the community and have been learning everything as much as possible before starting the business.

Currently I have been practicing deal analysis and I realized two of the biggest challenges (maybe just me) are estimating ARV and fair market rent.

With that said, I would like hear your stories on how you estimate your ARV and fair market rent. Any tips would be much appreciated.

Thanks!!!

Hi,

I'm new to the community, and learning as much as possible before getting into the business.

When buying a fixer-upper, I know there are couple major problems to avoid such as foundation and plumbing/electrical.

For investors who don't have much experience in inspection like me, how would I know the house that I'm interested in has no major problems mentioned above? Do I simply proceed with an offer and rely on the home inspector, then back out of the offer if the inspector found any of these major issues (assuming inspection contingency is included in the offer)?