All Forum Posts by: Nancy Zhao

What would you guys say is the rent premium for a newly constructed SFR compared to a similar home that has been recently remodeled but is otherwise say 40 years old?

My local market has so few rentals that are new builds that I can't for the life of me find decent comps to go by.

Anybody have experience with owning(not operating) a home that's leased to an assisted living facility operator?

What is insurance and potential downsides like for those? From what I'm looking at the rent seems to be somewhat above market while the home is being sold for slightly below market, but not significantly so.

I've rehabbed quite a few homes that were garbage dumps but this one takes the cake. This property has probably dozens of rats inside with piles of rat poop everywhere. The smell is so overwhelming that even with a mask it's unbearable.

Has anybody dealt with something like this? What's the process to remove the stench? I'm open to anything including removing all the floors. Any advice would be much appreciated!

I've been offered 7.5/1-1.5 here in CA. With 30 year at near 5% I don't think this can go much lower.

 There is no RE when you're flipping. No depreciation allowed, homes are treated as inventory. You're basically no different from any other business that buys inventory and sells it for a profit.

 Yeah I'd much rather deal with a home that has the walls down to the studs to be honest. Drywalling isn't that much of an expense and it's a selling point.

For flippers homes are treated as inventory, basically think used car dealership.

There is no way you'll find deals like that today unless the owner is mentally impaired.

It sure sounds like this company will be making more money than you will on a deal.

 If he's that experienced why is he paying more to take you on as a partner rather than taking out a loan?