The Money Mustache Community

Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: ryanht13 on December 05, 2017, 01:43:13 PM

Title: What would you pay?
Post by: ryanht13 on December 05, 2017, 01:43:13 PM
Portfolio of 3 single family rentals (2 currently occupied):
C+ area with below avg schools
total combined gross rents $2,700
The vacant home needs about $5k worth of work
HVAC, roof, plumbing could be hit or miss on all of them

All are located in speculative up and coming areas and close to the city.
Title: Re: What would you pay?
Post by: surfhb on December 05, 2017, 02:56:32 PM
What City?
Title: Re: What would you pay?
Post by: HawkeyeNFO on December 06, 2017, 08:33:02 AM
I'll give you $10 right now.  $20 if it's in my town.
Title: Re: What would you pay?
Post by: Kroaler on December 09, 2017, 07:01:30 AM
I'd like to post my options and have someone do all the thought work for me! 

In all seriousness, we need more information.
Title: Re: What would you pay?
Post by: tralfamadorian on December 09, 2017, 10:42:41 AM
Portfolio of 3 single family rentals (2 currently occupied):
C+ area with below avg schools
total combined gross rents $2,700
The vacant home needs about $5k worth of work
HVAC, roof, plumbing could be hit or miss on all of them

All are located in speculative up and coming areas and close to the city.

Additional information needed at minimum:
Taxes
Insurance
Average vacancy rate for that metro
Median income for that metro