r/RentalInvesting

Hello all, I am looking to purchase a new house and use my current property as a rental. I owe 90k at my current residence on a 15 year loan at 3.1 interest which will
Be paid off by 2034. I have about 35k currently for a down payment on another property. My question is what would you do with my current property in regards to the loan or paying it off. I could probably pay it off in full within a year if I use my down payment money and work overtime at work. But then I won’t have a down payment. Is it possibly to ask for a loan for a new residence that is more than the house price to use to pay off the original loan? My house rent estimate is 2200 a month off Zillow ( I know this ain’t concrete but ballpark )

Hey guys Im 22 (plumber) looking for my third investment property

Thoughts are that Colac has great yield and opportunity i did some due diligence research on the town and properties I’m looking at and think it’s a great opportunity to invest there. I got a 400,000 budget, I’m just not too sure if it’s going to grow in the next five years or will it stay stagnant, is it safer to buy in Tamworth that’s another area I was considering?

If anyone’s got any more info or unknown info, please DM or comment, appreciate any help, thank you.

Hello All,

I have been going back and forth on whether I should sell my rental property or keep it. I gave the property to a property management company last year to manage. I have been getting hit with a lot of expenses on a monthly basis. I am no longer in the area where the property is located. I also have another investment property that is good cash flow that I will be keeping for a very long time. Here is the breakdown:

Purchased 2016-$255,000

Current Value- $430,000 estimated

Current Mortgage-$1650

Rental Income-$1940

Property Management-$140

Just looking to get everyone's thought on this.

Hi,

I have two rentals which are getting older with time, but my questions how to pay for fixes or upgrades? $500-1000 expense is fine but $15-20K,

currently either I'm applying new CC with 0% or doing a balance transfer to get some time to pay for it. I have HELOC on my primary with $50K credit line, but interest is around 7%.

I Am brand new to the rental property world, I have $150,000 down and there is an opportunity in front of me that is an off the market listing there is a nine unit apartment building for sale for $750,000, and a 64 unit apartment building for sale for $4 million dollars. Where I'm brand new to this and I don't have quite a lot of money down, I was wondering if my seller financing proposition is just a dream or if it is realistic.

My proposition is:

Offer $2.83 million for both properties with a 15% interest rate on a 15-year note that would yield the seller $6 million total over that time period with prepayment being prohibited. For both properties they want $4,750,000 - they are already selling these at a loss as the family wants to get out of rental properties. And I feel like I could propose this as a way to hedge against tax liability.

Please provide your thoughts and any insight for a new investor into this world I greatly appreciate it.

I have a home that just appraised for $265,000. I believe that’s too high but an expert said so. I have a mortgage for $97,000. I have to cash out refinance to get my investor paid roughly $60,000 I owe them. The house is kinda shit in a decent neighborhood. Brick exterior, 8 year old roof, in ground pool, split level, brand new AC, horrible layout, on a busy road that will likely continue to develop, good side of town, whole lot is sloped up to backyard so pool is visible over fences. Remodel was done while I lived there. After fees I’ll likely walk away with $80k in cash. Or I can keep the house and rent it out. Comparable rent is between $1500-$1800. 3 bed 2.5 bath.
For an extra $40k I can also build an ADU that’ll rent for maybe $700-$900. It would be 600 sqft. Yes $40k includes full buildout I already have some materials and I’ve priced it down to $37,000 except permits which are cheap locally.
The best idea I have so for is sell and go back to college until I find another great investment.

Just got married, wife has a townhouse that we would love to rent, but are unable to get approval via the HOA.

I’ve had rental properties the last 15 years, have a pretty decent lay of the land. I won’t lease it out to somebody year to year without permission as it’s not fair to put somebody in for two months and then have to get them out because HOA gets wise.

My question is, does anybody have any suggestions or ideas for a workaround?

I was thinking potentially doing short-term nursing contracts and keeping it furnished or airbnb.

Thanks!

i've been looking around for simple calculators, AI tools, or agents to help me evaluate a deal and determine if its work investing in. Theres plenty of options out there for residential including propstream, rentstack ai, biggerpockets, etc. thanks in advance

I'm trying to sell a place that is to date a mediocre investment- rent covers monthly costs but not much more. I have tenants in the house for another 1.5 months, listed 2 months ago and so far only a few viewings but no serious buyers. My agent thinks the market in the area is very slow and the place is priced right. Looking at listings in the area, it really seems like it isn't overpriced and I see very few sold homes in the past 3 months, however, if this continues I'm afraid I'll have to pay mortgage without a tenant while trying to sell. Is it better to drop the price by 3-4 months rent?

I'm in a pickle as me and the hubby were planning to move out of country later this year.

We put our house on the market its a 4 bed 3000sf quarter acre property with large lot. We paid 730 for it a few years ago and spend 100k on remodeling, everyone says it's beautiful that has viewed it. The price is now dropped to 799k and it's still sitting. We already will be losing a bunch of money selling for this price so no way we can drop even more.

Looked into renting it out. Our current monthly cost is 3.1k including insurance and Property Management company said they can rent it out for around 3.8k and they take 8% after that.

So basically we would be left making around $300 a month and that's if nothing happened that month that required a service call.

Not really sure what to do. Do we still try to sell or rent it out. Both options are not ideal

Hi - I’m a renter. My family and I just got approved for a new rent house but upon approval the property management company stated the owners are “very concerned” about maintenance on the property and set up routine inspections themselves.

Typically I’ve only had to deal with property managers where I’ve lived and while I don’t mind an inspection if we have enough notice, with the owners bypassing them I’m worried there might be some boundaries that could be crossed. Is this normal? We have not paid a deposit yet or seen the lease so I’m hesitant to move forward. I know I don’t own the house, but I would still be paying to live there and don’t want to feel like the owners are hovering over us.

I bought a stacked duplex in a major southern city for $250k with 20% down. Comparable lots are worth around $150k, an identical duplex recently sold for $300k, and mine appraises at $285k, so there’s some equity.

Most duplexes nearby sell for $450k–$600k. Mine was cheaper because it’s a roughly 10-year-old shipping-container build.

As a short-term rental, it performs extremely well. It has 6 beds and 4 baths and normally cash flows about $2k per month, with $3k–$4k in strong months. Because my basis is low, I can host large families and groups for 30%–40% less than hotels or competing rentals. Guests genuinely appreciate the value.

The problem is that this property comes with unusual headaches:
• Termites that weren’t caught during the inspection
• Tiny outdoor roaches entering through gaps beneath the building
• An undersized HVAC heating kit
• An inaccessible area beneath the raised structure

I immediately paid a reputable company for termite treatment, and I’m having pest control treat beneath the home and seal entry points. Still, these issues can shut down STR operations and dealing with pests is stressful because the outcome feels less controllable than a normal repair.

Selling or converting to long-term rentals isn’t especially attractive because the neighborhood is rough and tenant quality may be challenging.

This is my third property and the other two operate fairly smoothly. I’m only about two years into real estate, so I’m trying to determine whether this is simply the difficult stabilization phase of an otherwise great investment—or a sign that this property will always be a headache.

Has anyone dealt with a profitable but unusually constructed property like this? I’m trying to get them back up and running but sort of just wanted to put this out there and maybe receive words of wisdom and advice from folks that might have had similar issues or are more experienced than I am (I’m only ~2 years into my real estate endeavors). 

When we upgraded from our starter home 10 years ago we decided to rent it vs sell it. Took a home equity loan on the starter home to finance the down payment on the new home and charged just enough rent to break even with all expenses. Today we made the last mortgage payment on the rental home. Will finally earn enough passive income to pay our current mortgage.

When we upgraded from our starter home 10 years ago we decided to rent it vs sell it. Took a home equity loan on the starter home to finance the down payment on the new home and charged just enough rent to break even with all expenses. Today we made the last mortgage payment on the rental home. Will finally earn enough passive income to pay our current mortgage.

I was offered to buy my grandmother land worth 1.2m usd in vermont 20 minutes from jay peak for a low price.
I have found an investor that would like to rent it the land to build airbnb while the house stays untouched what would be the best thing to do I was thinking about doing a contract where lets say I have to pay 170k to buy the land and I sign a contract with the investor where he pays me this ammount upfront and then 1k$ per month for rent for 15 years. Im 20 years old so no I dont have the money to pay it off myself. Anyone has ever dealt with this type of deals Im looking for good advice!

Hi everyone,

I'm currently researching the rental market in Malaysia and exploring the idea of building a platform focused on rentals from 1 to 24 months, for both local and international tenants.

I'd especially like to hear from landlords and property operators.

If such a platform existed, with free property listings and a commission only when a successful booking is made, would you consider listing your properties on it?

I'm not promoting an existing business or platform. I'm simply trying to validate the idea before building anything.

I'd really appreciate honest feedback, even if your answer is no.