All Forum Posts by: Greg McGuire

@Thomas S. Thank you for such an excellent explanation. I understand the dead equity, risk argument much better. You are obviously a disciplined, educated investor. I sometimes feel bigger pockets paints too rosy of a picture when discussing rental investments. There is no easy money, and this is a business like any other. Regards, Greg

I'm interested in the comment "buying income" vs investment income. Any examples would be appreciated.

@Thomas S. I agree SFH are more risky for investors based on your two points, but we are in a prolonged SFH shortage, and homes are the gold standard of rentals so only the best creditworthy people should be renting them.

And if you have no cash cushion for bad renters you have no business buying them IMO. However, higher maintenance, capex, require more price appreciation to balance that fact.

@Tiffany Roberts I would probably repair the garage. Not having a garage effects the property resale and many SFH renters except one. Charge for it. I charge $50-75 more a month for mine, remember that hones are the gold standard in renting. Only the best tenants get my SFHs. And they pay the most.

I have a duplex that is just 3 years from pay off of my 25year mortgage. I have two other duplexes purchased last year with 25% down on each 4/2% rates. I've been told I should refi out 70% of my first duplex but have no idea what to do with that money as deals are very scarce around my home base. Any ideas? I don't see refi out at 5.8% only to be sitting on cash at 3% in a a money market or CD...