All Forum Posts by: Frankie Woods

If you really feel you can eek out several hundred dollars each month, I would say yes.  Generally, your rent amount doesn't increase that much with the extra frills.  However, it is market dependent, so if it works in yours, then by all means.  If your confident in your analysis, and it is showing that you will improve your return by the improvements, then go for it!

Welcome @Eric Jelen !  I wish you the best of the luck!

I would put in as little as possible to make it liveable (e.g., not a slumlord).  There is no real reason for the extra frills as most people pay for the location, sq ft, and # beds/baths rather than the amenities.  Just my $.02

Rentometer is great!  You can also ask property management companies in the area.

If the cashflow works at 15%, that's what I'd go with so that you can pay the loan off.  However, with rates being so low, it's really hard to go wrong with the low payments associated with the 30 year.  I think it's a personal choice dependent on your risk tolerance.  Do you want free and clear properties or do you want to use leverage to the hilt?

Welcome to the site @Account Closed !

Welcome to BP @Vincent Hawkes !  BP is all the online education you need!  Well, other than maybe getting your R.E. license.  As far as investing remotely, anything is possible!  I wish you luck.

Welcome to BP!  You look like you are on the right path towards R.E. success!  I wish you the best of luck!

Welcome to BP @Account Closed ! You may find it difficult getting a loan for a brand new LLC. Are you planning on buying with cash? Your best bet is going to be talking to a CPA/tax attorney. You probably can get a free consultation.

Welcome to BP @Matthew Gilbert !