Single-family rental investing means buying a standalone house and renting it to a tenant for monthly income, with the prospect of long-term appreciation.
Log in to followWritten criteria on my first house are 3x monthly rent in gross income, 620 minimum score, no evictions in seven years, two years of verifiable rental history. I wrote them before…
Renewal comes up in seven weeks on a three bedroom that leases in that pocket at about 2,040 today. My tenant is at 1,850, has been there twenty-six months, pays on the first ever…
Four small multifamily buildings in and I thought a single house would be the easy one. It closed 14 months ago and it has not cleared its own expenses once. House was 231k, 4/2,…
A guy I had done subcontract work for bought a 1958 ranch, three bed one and a half bath, in a decent working class pocket. Purchase 168k, his money, his loan. I did the rehab: fu…
I have spent 2,410 dollars this year and I do not own anything. House one, 179k, 3/2. Inspection came back with an active roof leak and a panel the inspector wanted an electrician…
Talking to two owners this month who run the same size portfolio and hold cash in opposite ways. The first funds each house separately. Every property has its own account with rou…
I've been reading pro formas instead of buying anything, and the same pattern shows up in nearly all of them. Rent grows 3 percent a year, expenses grow 2 percent, and by year fiv…
Five guys work for me in a small service outfit, and I've been paid to fix other people's rentals for years. Now I'm about to own one and I've talked myself into two opposite answ…
I've held raw land for years and never had a tenant, so the fee mechanics are new to me. A manager quoted me 10 percent and I assumed that meant 10 percent of the $1,700 rent, so…
The service business had a good year and after taxes and payroll I have about 180k sitting in an account doing nothing much. I want a rental. I've read enough to know what I'm loo…
This was a private first position loan on a tenant-occupied three bedroom in a mid-size southern metro, funded through a friend who has done twenty of these. $96k against a house…
Six weeks in, so this is early, but the part I was scared of is done and I want to write it down while I remember the details. 1970s three bed two bath in a small city about 50 mi…
I do due diligence on passive positions for a living and I've somehow never bought a house myself, so I'm trying to build the cash requirement from the bottom up rather than trust…
Package came across from a retiring owner. Twelve houses, all within about nine miles of each other, built between 1958 and 1979, sizes from 1,050 to 1,480 sq ft. Asking 2,640,000…
I have 52k saved and I'm looking at houses in the 130 to 160 range where 20 to 25 percent down plus closing plus a light turn puts me somewhere between 40 and 48k in. Which means…
1958 ranch, 1,240 sq ft, three bed one and a half bath, bought at 152,000 as a keeper rental. Budget was 42,000. I'm at 61,000 with the kitchen not installed. Where it went: cast…
Coming into this from a completely different career, so the insurance vocabulary is where I'm getting tangled. I read that a landlord policy includes "loss of rent" coverage and I…
I've got two houses I can realistically pursue in the same metro, forty minutes apart. The first is a build-to-rent unit in a new subdivision, everything under warranty, likely ca…
A listing came through this week at 289k asking, and the same street rents at about 2,050 for a comparable three bedroom. That's 0.71 percent of price in monthly rent. Twelve year…
I run the management side and one of my owners, single house, 3/2, was about to leave in January. His complaint was fair. His house had sat empty 51 days on the previous turn and…