All Forum Posts by: Scott Kuhnert

Forget the scrapers, screw drivers, and pliers. Go get a $15 nail puller and you'll be done in no time.

https://www.amazon.com/dp/B008NM6VAA/ref=cm_sw_r_cp_apa_i_dlC_0GHMFbXHJDR8P?_encoding=UTF8&psc=1

If you have room on the other side of the door, I would move it over about 6 inches.

A couple 2x4s and some drywall will be cheaper than a custom 72" vanity with a tiny little 14" top which probably will look strange anyway.

@Bryan Devitt

There is no damage, but I at least would want a pet deposit and/or a monthly pet fee.

I'm just not sure how to bring it up since I don't have proof and if they're already comfortable deceiving me about having it, then they would probably just deny it.

How do you plan and address good otherwise good tenants that hide a pet after signing a lease agreeing not to have one?

I had a friend perform a walkthrough of my SFH rental today. Everything looked fantastic, but we noticed a stocking for a dog hanging up in one of the pictures he sent.

They did ask if they could have one before moving in and I said no.

I'm not sure whether (or how) to broach the subject since I really don't have proof. And they have been excellent tenants so far. I live out of state, so I can't do any drive bys.

What would you do?

Not to take anything away, but I just want to make sure I understand the numbers here.

Your investor risked $128k to earn 1/2 of a $155 monthly cashflow (0.7% annual ROI) and 50% of the equity when you sell it in 7-10 years?

Seems like you got the much better end of stick.

Andrew,

It is a weird market. It's a small little town just near a military base. I bought with VA loan and am currently renting. The housing market there is booming due to base expansion and housing shortages, so it's worth around 340k. I can probably bump the rent up to 1950 next year, but like you mentioned with a higher interest rate, I'll still be in the red.

It's a nice house in a great location, but I hate having that much money trapped without access.

Definitely a valid consideration....But where can you cash flow $1000/mo in today's market?

I'm looking for thoughts on how, or if, I should get access to the equity in a rental house?

Situation: I own a SFR 3/2 in WA that currently rents for 1900/mo. It currently cash flows about $100. There is roughly $70k-$80k worth of equity in the house that is just sitting there that I can't access. I can only think of 2 options:

1- HELOC: Would probably only get 80% LTV best case (due to it being an investment property), only yielding access to a few thousand dollars.

2- Cash-out Refi: If I maintain my 3.5% rate, my monthly payments increase $280, putting me in a negative cash flow situation.

Should I take the monthly hit for access to the equity?  Just wait and hold on longer?  Or are there other creative strategies that I'm not thinking of?