I Thought I had Rental Property Number 8 Under Contract

For about a day and a half I thought I was going to get rental property number 8 under contract.  I was not planning on buying number 8 quite so soon, which I have expressed in other articles, but this was a great opportunity. 

Rental Property Number 7 is Rented

We rented rental property number 7 last week.  We advertised it for $1,400 a month and had three applications in the first day after it was on Craigslist. 

Video of Rental Property Number 7 after the Rehab

Here is rental property number 7 after the rehab is complete.  We did minimal repairs on this one including paint, carpet, sprinkler system repairs, outside trim repairs and other minor cosmetic items. 

Investfour More Rental Property Number 6 is Rented

I think I mentioned this in another post, but we rented rental property number six over a week ago. 

Video of Rental Property Number 6 After the Rehab

Here is a quick video I shot of rental property number 6. This rehab took a long time to complete because we found out our contractor had to fire two of his workers.

Rental Property Number 5 is Rented!

I was beginning to get a little bit worried because we have an extremely hot rental market right now and it took a little while to get rental property number 5 rented. 

Invest Four More Rental Property Number 5

I realized when I uploaded the after rehab video on rental property number five that I had not done a write up on the costs and purchase terms.  Here are the details for Invest Four More’s rental property number five.

Video of Invest Four More Rental Property Number 5 after the rehab

Rental property number five is done, well almost.  There is still minor work  needed in the basement bath and it needs cleaning. 

Fix and Flip Versus Buy and Hold Rental Strategy

I just purchased my 7th long-term rental property this week, the details can be found right here.  I paid $113,000 for this property and I estimate the ARV(after repaired value) to be at least $155,000 and probably closer to $160,000 to $165,000 in todays hot market.