All Forum Posts by: Trey Leigh

Originally posted by @Ryan Halverson:

@Trey Leigh I would hold this property. Even if it was just for the time being. If it is in an 8+ school system (according to www.greatschools.org ) it should appreciated at a premium. This will allow you to raise rent each year. Here is my analysis:

So even with all expenses included you are netting over $250/month. This should be a great investment if all the numbers are true.

Thanks Ryan, definitely something to think about...where did you get those figures?

Taxes 1200

Ins. 650

Vacant 800

Maintenance 600

This is what I'm using to approximate cash flow besides the 50 rule

Ins and taxes are actual.

Patrick, that's why I referred them to a licensed real estate agent. I've heard the ins and outs of rent to own can be complicated and we definitely want everything to be on the up and up. We still don't even know if that is something we'd be interested in, hopefully the agent can put together some scenarios for us to ponder. Another question is how would the agent get her commission for a prolonged payout scenario like lease to own, or would she?

Jeff, thanks for the reply. Would it be taxable if we put the money into another property? I should probably know this I guess.

Maybe what John said makes sense then, getting some up front and spreading the final sale into next year.

@JohnMalahay it's in Uvalde, TX. Near San Antonio.

Thanks for the info!

My partner and I just bought our 5th SFR since starting here in 2011. We purchased it from a bank for 42000 intending to rent it at 800/mo which is very much possible based on our other homes. We put 5000 into rehab so we're all in for 47,000.00 appx. A realtor friend of mine thinks she can sell it quickly for 75-80K, deducting her commision and closing fees we would net about 20K, which is awesome, but our ultimate goal is to have 10+ properties for retirement income later on, and this house is in a great neighborhood near schools. Passing up a 20K profit though is hard to do, we could pay another property off with that, or reinvest. Ideas?

50% rule Cap rate is 10%

50% rule cash flow is 4800/year (We paid cash)

Also was approached today by a family that wants to do a lease/purchase on it until they can sell their other home, I know nothing about this so I referred them to our real estate agent to see if that is legal/possible/beneficial??

Thanks for any input

any estimates on taxes, insurance?

Thanks! Joshua

Thanks Nate, I'll research them .

I have been looking at TrexGlobal and was wondering what the best company would be. They offer monthly income/ expense reports as well as leases, applications, etc. or would I be better off just doing it myself on excel? I only have three houses right now but am looking to grow and would Iike some kind of standardization across the board in forms etc.

Thanks