All Forum Posts by: George Anderson

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I would like to thank everyone for there feedback. It seems the most popular opinion is to cash out refinance. With the current market prices it may be difficult to find a new cash flow that can generate $800 plus cash flow but I think $500 is realistic target.

I would like to thank everyone for there feedback. It seems the most popular opinion is to cash out refinance. With the current market prices it may be difficult to find a new cash flow that can generate $800 plus cash flow but I think $500 is realistic target.

Houston Housing Authority pays $2000 a month for a 5 Bedroom voucher. The tenant is responsible to pay $140 my mortgage is $1300. I am rounding to make the numbers nice and round.

My current goal is to continue to build my rental portfolio. I currently have 5 properties but would like to strengthen my cash position.

My current goal is to continue to build my rental portfolio. I currently have 5 properties but would like to strengthen my cash position.

The cash flow is $840. Rental price is $2140.

I am seking advise on rather or not to sell a one of my rental properties which has a strong cash flow I would love to hear opnionions of my fellow investors.

Background: House is currently leased as a section 8 rental, with $840/month cash flow of which $700 is guranteed though tenats housing voucher and tenant is responsiable for $140. Doing quick math considering 80% Vacancy Annual cashflow is around $8k. Based on current apprsial value I have about $75k, house needs minor updates mainly fresh coat of paint to make ready to sell. I will list myself so after closing cost and repairs I expect around $50k profit.

Look Foward to hearing your replies thank you.