Single Family Investor

[Richa Wardhan]

Hi All,

I am a relatively new investor with a full time well paying job.I have 4 SFH in Class A neighborhoods in Gainesville area. I presently have a negative cash flow in all 3 properties but am more interested in paying off the mortgages early to reap rewards later.Any thoughts?

[Jaycee Greene]

Quote from @Richa Wardhan:

Correct

330,000

If you're not worried about cash flow, I'd keep doing what you're doing. The only thing I'd suggest is to raise your rents unless you think you're at the top of the market. The average Section 8 rent for a 3BR house in Jax is around $2,000. So, if these are all in A neighborhoods, I would think you could get much closer to the "1% rule" on rent than where you're at now. Obviously, whatever you can do on rent will help your monthly cash flow.