No Real surprises during the home inspection of the recently-mine apartment building. Sometimes the money you shovel out for a good home inspection is worth its weight in gold. At a minimum, I don't mind walking around with the guy making sure I know what he is talking about. The total for the inspection came … Continue reading Herr Inspektor
After pussy-footing (I do not think that is derogatory at all, an actual reference to cat's light footfalls, right?) around for years now (since 2012), I have finally bought a rental unit building. I dropped $30,000 at closing and now, she's all mine, warts and all. Built in 1800 something, the building was originally a … Continue reading A Brand New Bouncing Baby Building!
I am winding my way through the purchase of my first rental property. Already cleared the big hurdles of an accepted offer, a zoning variance, and a decent home inspection. When lo and behold, some appraiser has decided in my appraisal, that the building is not worth the contract price. My question is; Who are … Continue reading Appraisal Scare/Hiccup
Part of my Rental Property adventure has been exploring the wonderful world of Zoning Laws. And how they can really throw a wrench into your plans for world domination. So as I explained earlier, my new rental property has attracted lots of former suitors. As many as 6 previous deals have already fallen through. As … Continue reading Zoning Red Tape
Looks like our long 'no rental properties' drought might finally be over. I am superstitious enough to not act like this is in the bag yet, but. Our offer was accepted and we are under contract. I figured I would lay this process out in a number of posts. I do not want to show … Continue reading Running the Numbers on a Rental Property