Loss
Underwrote the seller's tax bill. Cost me 3,200 a year.
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,…
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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 followFour 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…
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 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…
I wanted to find out whether the service side of this was where I fit, so last year I took on management for two out-of-state owners. Four houses total, average rent 1,450, so 5,8…
Bought a 1,340 square foot 3/2 four years ago at 168k on 1.1 acres at the edge of a town that has since grown toward it. Rent then was 1,340, rent now is 1,595. Unlevered yield at…