All Forum Posts by: Dustin Thoms

@Steven N. when the appraisal came in $14k lower, are you able to renegotiate a buy price?  Otherwise you’d have to come up with that additional $14k as well as the 20% down.  Correct? 

I’d be interested in learning the details and answers to Jason’s questions.  The more we all know, both pros and cons, would better aid in each of us coming up with our own conclusions and future decisi

@Jason G. this is a good thread.  I began reading it when I was looking into Roofstock. This provided some great information.  I currently have three rentals myself where two are, as I call them, accidental rentals.  My first one I bought so my sister could have a place to live while going to school in AZ.  It is now rented out (at a higher rent) by a non relative.  Second accidental was the house I bought in 2004 and lived in until 2015 where I moved to another property and kept the other one with intention of moving back at a later time.  Then came 2018 where I decided to buy a non accidental rental in Orlando.  Now looking for a 2019 rental which brings me to my finding if Roofstock.  1.  Do you ever visit your out of state rentals?  The one in AZ and FL I do once a year (travel expense on the P&L) plus good places to vacation.  2.  Your recent post you identified that clearing $100-$200 a month is a good amount and I agree.  My PM in AZ who has 15 rentals in her portfolio had informed me that it is a good goal.  3.  Another tip she told me was to save enough time for a few months of expenses (usually will take a year) then start putting some extra towards principle (if the house has a mortgage). 

Though now I’ll look at potential properties using Roofstock, because of the mostly positive reviews in this thread, I’ll still take any good potentials from the PM I use in FL when I go down in a few weeks.

Thanks again for your detailed thread.

what made you pick Birmingham and Kansas City?