All Forum Posts by: Brandon Pearsons

@Chad Lopes  

I totally agree with you on appreciation.. It  is like timing the stock market. Its hard to time right it (More of a luck game) ..

When you do time it right and make big money on appreciation, your more than likely going to dump the $  back into the marking thinking you can do it all again....With the RE cycles ( 10 year RE cycles?) it seems hard to wait 10 years to do make a good return with the help of appreciation. 

Hello, 

I know what you all are saying cash is king, but here is the the equation.

I owe 70k on this particular property at a 5.2% interest rate . . If I pay it off from cash flow from other properties in the next 6-7 years. Then  I will be seeing an extra $500 a month in rent because I have no loan. Does this make sense to do?

@ Chad Lopes

Do you think its better to use the cash flow for another investment rather than pay down principal? There has got to be a mathematical formula to this...

What do you guys think about applying all your profit from one year of rental income to the your mortgage with the highest interest rate the following year?

Hi AJ, 

I have heard about that.. I wouldn't have personally accepted it. He just put it into my account. 

I was hoping the 3 day notice is a simpler process

Hello, 

I have a a tenant that has been getting worse and worse about paying the rent. They have paid mid moth the last 2-3 months. I texted him yesterday and he did not respond. 

I checked my rental account today and it looks like he put in $700 of the Month $965 rent for the month of Jan. 

I want to remain on good terms with the tenant and not blow my cool because I dont want them to cause more interior costs... 

I also know I should probably file a 3 day pay or quit notice... What is the proper way to do this? 

I believe he has a puppy in there as well.. He has not paid a pet deposit and in the lease I wrote no pets allowed unless a pet and deposit is agreed upon

Thanks 

Thanks for your replies