Not Selling Our Four Plex - Paying Down Debt
Monday, August 27
Just wanted to update...we looked at the numbers, and it did not make sense to sell, not even with a 25% return, holding a property a little over two years. We put too much rehab into it, to just sell it, and have to rehab another property.We are instead paying down debt again. It is dull. We ...
Selling our Four Plex
Thursday, July 26
I keep seeing sale prices for 4 plexes in our area that are very attractive. I've calculated our expected rent, paydown of mortgage, and cash flow, and determined this is a good time to sell. It might be the most opportune time in quite a while. We bought the building three years ago for 295K,...
Setting Our Sights Spring_Summer 2017
Wednesday, November 22
There is nothing like owning a fourplex that reminds you over and over the need to set appropriate rents, and go hard after cash flow. There is also a great teacher out there for a cost/benefit analysis. Paying down your debt.We are acquiring something this spring and summer. What it is is no...
Paying Down Debt a Painful Reminder
Wednesday, November 08
We've paid down about $40K in debt this year, because opportunities for purchase were not good. Paying down debt is a teacher. It is a monthly reminder of how much work I need to do to find properties that are indeed good deals. It makes me more motivated to find properties with higher cash fl...
Management Company A Big Plus
Monday, July 17
It is our first month of having a property management company and things are going great. We have so much less stress, and so much more free time. We had a vacancy, and the company found the tenant, did all the work, and they even sign the lease. You should see my email inbox from past rentals...
Property Management Company
Wednesday, April 19
We are hiring a property management company for our four plex starting July 1st. I think the central problem is I live too close to it. I'm always tempted to drive by it, to make sure everything is okay. I get tenant texts about silly stuff. And managing stuff like having to get keys to contr...