All Forum Posts by: Trina Pugmire

Thank you @Ram Dettmer.  I think we are going to hold off a little bit longer for a website but I will be in contact when we get closer and get a few more details.  

@Mitchell Herman, thank you for your input! When we're ready I will be sure to still look into Wordpress again.

@Ramon Polo I know this is an older post but I was wondering if you still would recommend Wordpress and if you have someone to help build me a website?  And how much that would roughly cost?  

@Michael Badin Thank you!

We just bought a SFH and have a small room under the front porch with a separate entrance. It is about 100 sq ft with no bathroom. We will probably use it as an office later but for now we don't need the space. What are some options for renting it out? We could probably install a small toilet and sink in there if we needed to so it could be rented out as an office space but it would be pretty small. Or would our better option be renting it out as a storage space?

@Paul Gwilliam Thank you that is actually really helpful.  In a way, that's what we did.  It is a part of our larger goal and the market right now doesn't have anything that's bigger and better than this.

Thank you for the input!  Very helpful! @Michaela G., @Sam Shueh, @Dave Foster

We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel. Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow after that. We were just called by an investor who would potentially offer us $375,000. 1) Should we sell it for that much? Or more? 2) If we sell it, what are our options to not pay capital gains? Would we be able to pay ourselves back for the $41,000 we invested into it if we did something like 1031 exchange? 4) Any other comments/suggestions??

We purchased our triplex in April of this year for $260,000, we put $41,000 into it for the remodel.  Our plan was to live in one unit (house hack) for 2-3 years and then rent out all three units for the cash flow after that.  We were just called by an investor who would potentially offer us $375,000.  1) Should we sell it for that much? Or more?  2) If we sell it, what are our options to not pay capital gains?  Would we be able to pay ourselves back for the $41,000 we invested into it if we did something like 1031 exchange?  4) Any other comments/suggestions??

@Matthew Olszak Thank you for your suggestions.  To clarify, it doesn't have to do to with pride.  It has more to do with my husband being too nice.  He'd say yes to anything :) so it gives him an easy way to say no without feeling like the bad guy.  

@Billie Miller We were actually thinking of telling our tenants that we're the property managers instead of the landlord.  My husband is way too nice but it also gives us an out if we need it.  That is a really good point about tenants not wanting their rent automatically withdrawn and that they'd probably be a hassle of a tenant.  

We were thinking of using Cozy.com but it costs the same and does the same thing from what I can tell.  However, if we have any problems with it it's good to know that erentpayment.com is good. 

Thank you for the tips!