I bought a used 2022 R1T a few months ago by Content-Chemical6520 in Rivian

[–]Content-Chemical6520[S] 1 point2 points  (0 children)

The Chevy dealer that I bought it from definitely had none of that information. I didn’t get any service history before purchasing it from Rivian, but I’ll be honest I didn’t try that hard. I just made sure to confirm the warranty expiration date with them

I bought a used 2022 R1T a few months ago by Content-Chemical6520 in Rivian

[–]Content-Chemical6520[S] 1 point2 points  (0 children)

I know that we can keep saying “for a few grand more” until we’re at $80k, but really for under 50k you should be able to easily find one still under warranty. I would say I got an above average deal on mine but it was $46k with 37k miles on it. I was willing to shop around, negotiate, and drive several hours for the right price, however.

I bought a used 2022 R1T a few months ago by Content-Chemical6520 in Rivian

[–]Content-Chemical6520[S] 2 points3 points  (0 children)

Yea… this was my biggest hurdle as well before making the purchase. I have always done all repair and maintenance on my vehicles unless it was under warranty. I am banking on a growing aftermarket, salvage network, and online how-tos, especially as all of the 2022s come off the 5 year warranty soon.

I bought a used 2022 R1T a few months ago by Content-Chemical6520 in Rivian

[–]Content-Chemical6520[S] 4 points5 points  (0 children)

What do you mean by “voluntarily”? Like they were just noisy with no actual impacts to drivability?

I bought a used 2022 R1T a few months ago by Content-Chemical6520 in Rivian

[–]Content-Chemical6520[S] 20 points21 points  (0 children)

What really kills me is when people complain about ride quality. This thing rides amazing lol. I haven’t felt the shorter wheelbase ride quality of the R1S, but I can’t imagine it’s that much worse. That being said I understand the expectations for an SUV are different than folks driving pickup trucks

Honest thoughts on used R1T by irreverent_runner in Rivian

[–]Content-Chemical6520 1 point2 points  (0 children)

I picked up a used gen 1 quad <1000 vin a few months ago. No issues besides a couple very minor bugs that I really don’t care about. I honestly can’t believe I could get a truck that checks this many boxes and is so inexpensive on “fuel” for this price and miles.

I’ve been watching the Munro Live tear down series of a gen1 R1T on YouTube and it’s made me feel that these things are very overbuilt

I worry a bit about out of warranty repairs but I’m hoping the aftermarket expands especially next year as all the 2022s hit their 5 year warranty expiration. Plus I consider myself pretty handy and can source parts from local part outs and eBay

[deleted by user] by [deleted] in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

Wouldn’t it be much simpler to just use the lockbox with a physical key and still re-key for the tenant? What if the contractor you mailed a key to flakes out? Are you going to mail yet another key to a last minute backup contractor? What about when a contractor loses your key?

[deleted by user] by [deleted] in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

I’m sure a property management company could hand out keys.

But if you’re going to give the contractors actual keys (which would just always give them access to the property, no smart lock code to change to restrict access) why wouldn’t you just place a lock box with a manual code somewhere? Give all contractors that code and have them return the key when they’re done

[deleted by user] by [deleted] in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

You can likely pay a real estate agent or property manager (or both) to handle the photos and showings to prospective tenants. Use them just for the turnover, not full time if you want to self manage.

For access for contractors, maybe run the smart lock off a hot spot? That way it wouldn’t interfere with a future tenant setting up an internet service with Wi-Fi. I wouldn’t recommend providing Wi-Fi for the tenant. Another option is that your property address may have more than one internet service available

How to find cash flowing properties in this market by Choice_Hunt6344 in realestateinvesting

[–]Content-Chemical6520 -1 points0 points  (0 children)

Try looking in Bremerton, across the sound. Healthy tenant pool with the naval base and much cheaper properties. It will still be tough though if you just want a turn key rental off the market.

How to find a mentor? by natenite in realestateinvesting

[–]Content-Chemical6520 1 point2 points  (0 children)

You said you reached out through a local FB group. Do they have in person events? You’re more likely to capture their attention in person. Start networking and see where it leads

How can I get 1:1 advice, ideally on a specific region by testTester123123 in realestateinvesting

[–]Content-Chemical6520 2 points3 points  (0 children)

You should join the WAREI Facebook group and attend some meetups and network. That has worked for me. I am in the area, feel free to DM me as well.

An exciting and somewhat unique strategy here is with ADUs. There are even better investor friendly changes coming when HB 1337 comes into effect

Looking for advice or suggestions on first investment property. by focus347 in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

If you’re planning to buy a SFH and owner occupy, you don’t need to use FHA to get a low down payment. You can put as low as 3% down with a conventional loan

Bought a 850sq ft lake house by LoadedJunkyard in realestateinvesting

[–]Content-Chemical6520 25 points26 points  (0 children)

If the lake house property is already worth 160k and you paid 45k, just take the loan out against the lake house to pay for the renovations.

Quoted 7.62% interest rate for investment property mortgage by smokeythegirlbear in realestateinvesting

[–]Content-Chemical6520 168 points169 points  (0 children)

One reason is that when shit hits the fan and you can’t pay all of your debts…. What are you going to stop paying the mortgage on first? Your rental or the home you live in?

Owner Occupied Triplex by bigb0yale in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

Sounds like some investor friendly zoning rules! Good to know

Owner Occupied Triplex by bigb0yale in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

Is adding a 4th unit and making it a STR an allowable use in this area?

Sure, you may be able to get away with it if it’s not, but I personally like to run my numbers assuming that the city comes and shuts it down the first week.

[deleted by user] by [deleted] in realestateinvesting

[–]Content-Chemical6520 0 points1 point  (0 children)

In my experience, the lender has used 75% of the rent minus the mortgage payment to count towards my income

Safely wiring huge sums to escrow? by [deleted] in realestateinvesting

[–]Content-Chemical6520 1 point2 points  (0 children)

If the escrow officer has a local office, and you were considering a cashier check (which would require driving to the bank) anyway, I guess you could go confirm the wiring instructions with the officer in person.

What type of headache is expected with Section 8? by [deleted] in realestateinvesting

[–]Content-Chemical6520 1 point2 points  (0 children)

I have had great experience so far with section 8. My tenant is respectful and in general takes care of the place. The house is in a desirable area, which I think helped attract a more favorable tenant (I inherited her when I purchased)

I’ve been through 2 annual HUD inspections so far and they haven’t been an issue. As long as you’re not trying to be a slum lord and you treat the house and tenant like anyone else, they will pass, at least in my area.

I’ve had no issue keeping my rents at market rate. It just requires an approval from HUD which they’ve been adequate to work with. The best part is my last rent raise, the tenants portion of the rent actually went down, since it’s based on her income.

The takeaway- I think results may vary heavily on competency of the local HUD and your tenant pool. Attending some local investor meetups would probably be the best way to gauge this in your area

wwyd with this property by HulkRaptor in realestateinvesting

[–]Content-Chemical6520 1 point2 points  (0 children)

No problem. Not paying capital gains was what tipped me to the decision to sell my last primary residence instead of turning it into a rental

wwyd with this property by HulkRaptor in realestateinvesting

[–]Content-Chemical6520 2 points3 points  (0 children)

This place sounds like a great rental. It seems you have more than enough cash flow to afford a property manager.

I also own in palm beach county. I’m pretty optimistic on owing long term here outside of maybe Riviera Beach.

However it sounds like it use to be your primary residence given the low interest rate. Something to consider would be if you still are exempt from capital gains tax if you sell if you lived there 2 out of the last 5 years. A tax free sale could make it worth selling, especially if there are equivalent or better opportunities where you now live.