All Forum Posts by: Jeffery Griggs

Thanks for sharing. Having reserves is critical to long term success.

I would be careful with that. The tenant most likely still has occupancy rights until you have the official notice...even if they left. What happens if they come back and claim that they were not vacating? This could cause you more unwanted headaches and time.

My pleasure. Good luck. The other posts on this thread also gave some good advice. 

We used a template that we edited for the contract. I'm not sure about NY. I would check what your laws are. Here is a link that might be helpful.

https://www.google.com/webhp?sourceid=chrome-insta...

Hi William. That looks correct. Over the course of 30 years you will make 360 payments. That adds up to the 766K. Here is a link that explains mortgage amortization.

http://www.mtgprofessor.com/A%20-%20Amortization/h...

Hope this helps.

Hi David. Welcome to BP!!  I haven't been doing this very long so I don't have much experience. That said I would be willing to help if I can. 

Try the book Getting Things Done. It discusses a system. You can also use an app like Trello for projects. 

Listen to this podcast with David Allen the author of GTD. http://www.biggerpockets.com/renewsblog/2015/04/09...

one for now. Looking to add another one soon. 

Have you lived in the house 2 of the last 5 years? If so take the tax free gains and get out now.

My wife and I do not keep seperate checking accounts. We do have multiple accounts that we use but we each equal access to them. We are partners together and make decisions together.