All Forum Posts by: Heather U.

@david 

@David Avery thanks for your reply!

@Harrison Lopes thanks for your reply!

Weird question and not sure where to post. Because of the holidays I got wondering for those of you with Property Managers, do you send a gift to your PM and if so, what???  I have a great PM and usually send a Christmas thank you and gift of chocolates or food. Then I got wondering what others do? I want to be sure I am acknowledging them appropriately. Thanks!!  

@Nathan Gesner Thanks a ton. This is extremely helpful!! I tend to go with the flow and I don't want that to come back to bite me. Thank you for the specifics!! 

@Scott Schultz thanks so much for the information. I will keep it in mind. Definitely agree that buying site unseen is scary and an added risk. But...if we want to add units we have no choice. We are stuck overseas currently. Again, thanks for your thoughts and the reminder of buy very carefully. Currently looking at the duplex on Lennox St. 

@Philip Cook Thanks for your feedback!! I'm one step ahead, I already know what a hodag is!! lol.  From Wisconsin so we are looking at all areas of Wi. Have you considered (or do you already) investing in Stevens Point? I see you are from there.  I went to college there.  Rhinelander caught our eye simply because we are searching for a multi that meets at least the 1% rule. 

What happens in my head....."wow, 48 properties already and looking to add 27. Curious to know what they own and how they are going to do that!!" lol!! I've got houses on the mind!! Then I'd move on to the math!

@Stephanie P. Oh thats interesting. Thank you

@David M. thank you. Very good point, I forgot about that issue of selling if we wanted to. Something to consider.

I'm not familiar with the loan side of rentals. Hoping someone here can help. We have a sfr paid in cash worth $150 and another sfr with a loan of $80,000 and worth $140.  This one has an interest rate of a cruddy 6%.   We owned them both just over 1 year. We are looking at cash our refi the paid off property and trying to roll in the second property to get a lower interest rate and also take a little equity out if possible. Is this possible?  Does it make sense (or is it best to just keep them both separate, thinking we save on closing costs if we do one loan???) Once you combine the  loans and have one big loan for 2 house how do you keep track how each house is doing? I like having everything separate and tidy. tia!!!