 Holy happy dance! (by NE [PA]) Mar 7, 2025 6:47 PM
 Holy happy dance! (by 6x6 [TN]) Mar 7, 2025 7:44 PM
Holy happy dance! (by NE [PA]) Mar 7, 2025 8:03 PM
Holy happy dance! (by Dave [MO]) Mar 7, 2025 9:26 PM
Holy happy dance! (by Oreo [WI]) Mar 7, 2025 11:44 PM
Holy happy dance! (by WMH [NC]) Mar 8, 2025 7:18 AM
Holy happy dance! (by zero [IN]) Mar 8, 2025 8:45 AM
Holy happy dance! (by NE [PA]) Mar 8, 2025 8:54 AM
Holy happy dance! (by Ray-N-Pa [PA]) Mar 8, 2025 9:33 AM
Holy happy dance! (by RB [TN]) Mar 8, 2025 9:58 AM
Holy happy dance! (by S i d [MO]) Mar 8, 2025 10:12 AM
Holy happy dance! (by Sisco [MO]) Mar 8, 2025 11:58 AM
Holy happy dance! (by NE [PA]) Mar 8, 2025 2:37 PM
Holy happy dance! (by zero [IN]) Mar 9, 2025 8:03 AM
Holy happy dance! (by NE [PA]) Mar 9, 2025 8:05 AM
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Holy happy dance! (by NE [PA]) Posted on: Mar 7, 2025 6:47 PM
Message:
It’s been a long time, but I’m full as of today! One moving out in a month or 2, but I’ll take it for now. Signed contracts on 2 to sell this week also. Good riddance. Now to find some more. --24.152.xxx.xx |
Holy happy dance! (by 6x6 [TN]) Posted on: Mar 7, 2025 7:44 PM
Message:
Congratulations. How long did it take to get the last one rented? --73.19.xxx.xx |
Holy happy dance! (by NE [PA]) Posted on: Mar 7, 2025 8:03 PM
Message:
Quickest one in a while actually. 3-4 weeks. $25 increase from last tenant but still 20% below the market average for same size units. But it didn’t sit for 4-5 months trying to get market. --174.249.xx.xx |
Holy happy dance! (by Dave [MO]) Posted on: Mar 7, 2025 9:26 PM
Message:
Congratulations! It’s the best time to sell. --199.200.xx.xxx |
Holy happy dance! (by Oreo [WI]) Posted on: Mar 7, 2025 11:44 PM
Message:
SO SO overjoyed for you NE!
--75.11.xx.xx |
Holy happy dance! (by WMH [NC]) Posted on: Mar 8, 2025 7:18 AM
Message:
Congratulations!! Enjoy the feeling...and wait for the other shoe to drop somewhere. Life of a landlord, eh?
Signed a lease online last night, going to pick up cash - CASH - today. What do I do with it???
And showing the last one (ahem) 5 times today...it only takes one right? --173.28.xx.xxx |
Holy happy dance! (by zero [IN]) Posted on: Mar 8, 2025 8:45 AM
Message:
Congrats on being full. It is a good feeling.
So are you looking for more to rent or flip? --107.147.xx.xx |
Holy happy dance! (by NE [PA]) Posted on: Mar 8, 2025 8:54 AM
Message:
Zero, doesn’t matter. Whatever works. --24.152.xxx.xx |
Holy happy dance! (by Ray-N-Pa [PA]) Posted on: Mar 8, 2025 9:33 AM
Message:
Nice job - it is clear that the marketplace is changing. As investors we get hit from two angles. The real estate purchase side of the house along with the tenant marketing and selection section.
Guess what group is stuck in the middle. I can understand the frustration of the log jam. I am a huge fan of constantly stepping up the quality of a place when I sell.
It could mean selling a class C house and buying a class B one. It could be selling a class C place and carrying paper to an investor. It could be exchanging a SFH for a MFH (to increase cash flow), shifting from a heavily depreciated MFH to OGM rights, small commercial place or into a NN or NNN.
I would caution anyone of buying a NNN in today's environment. Additionally, if someone is considering flipping a place, stay with a simple tier one home. That fancy stuff near our local lake is staying unsold where those houses under $200,000 are under contract rather quickly. Hate to see anyone get their finances bruised. I am afraid we are closer to a peak than a valley. The effect of the 2.5% spread on T Bills and mortgage rates has created grid lock. We have elected a disruptor, and a log jam will break free.
Doing nothing at will lead some folks to be part of that washout from that log jam breaking up --174.131.xxx.xxx |
Holy happy dance! (by RB [TN]) Posted on: Mar 8, 2025 9:58 AM
Message:
Bingo !
YANEVERKNOW. --69.130.xxx.xxx |
Holy happy dance! (by S i d [MO]) Posted on: Mar 8, 2025 10:12 AM
Message:
Congrats! Something about that "I'm full!" feeling that puts a smile on the face and a little extra spring in the step... and a little extra jingle in the pocket! *wink
I'm filling my one vacancy Monday or collecting a Holding Fee. the approved applicants haven't decided yet, but if they do nothing by the end of today, I've got a backup right behind them. And a backup behind that backup.
Rent on!
P.S. Congrats on the sales too. Still thinking about commercial?
--184.4.xx.x |
Holy happy dance! (by Sisco [MO]) Posted on: Mar 8, 2025 11:58 AM
Message:
Holy happy dance! (by NE [PA]) Posted on: Mar 8, 2025 2:37 PM
Message:
I think the speed of renting this came from me not even trying to advertise it at what the competition thinks their units are worth. The competition says it’s worth $800. Section 8 says it’s worth more than $850. The market that I actually rented it at says it’s worth $630 and I had multiple qualified applicants. There’s NO WAY I’ve would’ve got $800 or more for this unit. I actually may consider section 8 for the first time again in almost 15 years. If I find some dumps, I may rent them that way. Section 8 is paying a price way over what I’d ever get from the general public. When I follow what the competition is pricing their units for, it never crossed my mind to consider that they might be taking section 8. That would make sense for such a high list price. I dont want them, but I may consider them. Yes Sid, I’m still interested in commercial. It has to be very hands off though. --24.152.xxx.xx |
Holy happy dance! (by zero [IN]) Posted on: Mar 9, 2025 8:03 AM
Message:
NE, do you really want to sell your soul with Section 8?
You don't come across as the type that even agrees with that system, for the most part.
Personally I will never go back to Section 8. Too much corruption, at least in my area, with both the office and the tenants.
Best of luck either way. --107.147.xx.xx |
Holy happy dance! (by NE [PA]) Posted on: Mar 9, 2025 8:05 AM
Message:
I don’t agree with it. --24.152.xxx.xx |
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