All Forum Posts by: Andrew Syrios

There are a lot but one really important one is rent to cost (or gross yield). For more expensive properties, there isn't much of a rental market so they will almost never cash flow. (Although you can do STR with some which has changed the equation here.) But you can make huge profits on a flip. I heard a BP podcast once where the guest made a million dollars on a luxury flip. But that house would have bled had they tried to rent it.

On the other hand, lower end houses that sell in the mid-hundred thousand dollar range don't have much a margin. There also risky as a roof costs the same on a $500,000 house and a $100,000 house so it's easy to rehab out your equity. But these can often cash flow quite well and thereby make for good long term holds. 

Wait, are they paying the agent? With the vast majority of agency agreements, you would have to be the agent regardless of where the buyer comes from. Or do you just mean you would only have to pay 3% to your agent and not 6% total? 

Regardless, at the very least I think it would be worth a counter. 

Welcome Ale! Good to meet and congrats on your new position! 

Well... it kind of depends on a lot of different variables. 

Welcome to BiggerPockets Valerie and good luck investing!

Welcome to BiggerPockets Jacob and best of luck investing!

You're going to want to get the mold tested and remediated asap. But without a test, it's impossible to tell you whether or not it's safe. 

From my (limited and non-lawyer) understanding, it's difficult to hold inspectors liable but not impossible. More likely is the seller or contractor, especially if it wasn't disclosed. Lawyers absolutely deal with this sort of thing but whether they'll do it on contingency is something I can't say. Depends on the attorney and the strength of the case. Regardless, it's definitely something you would want to talk to an attorney about.

Welcome to BiggerPockets Magellan and good luck investing!

We have a deposit disposition sheet we go through when a tenant moves out in order to assess damages. Part of it is, unfortunately subjective and part of it depends on how long they've been there. (For example, if carpet is shot after a tenant who lived there one year, they should be charged. But if the tenant had lived there 10 years, they shouldn't be.) You really want to do this before a new tenant moves in.

As for what is mentioned, I think the blinds are clearly on the former tenant. (Maybe not the stained ones if that tenant lived there for many years.) The oven is probably not their fault unless you can find evidence it was damaged. But it's hard to tell from afar and without seeing it.

Welcome to BiggerPockets Nathaniel and good luck investing!