All Forum Posts by: Jeff S.

William Coet one big reason for me is attorney fees as a small owner. These large outfits have a staff of attorneys that can fight city hall.

That is awesome @Karan Singh for sure stay with your loving family. In my REI the majority of the millionaires were in some kind of construction or brokerage. They saw ahead that these jobs take a toll on you so bought RE and now live off RE in one form or another.

@Tom Stevenson why not HELOC as small as possible loan on your rental to buy your next rental? HELOCS are expensive so pay it back as soon as possible.

So now instead of feeding the hungry stock market you can feed the hungry rental.

I have watched people keep big debt on their home and then have the stock market crash. Not a good feeling.

@Jonathan Greene interesting post and I certainly have experience here. 

A comparison here is about drivers. Men generally have better depth perception and are more used to moving objects so are many time better drivers BUT they take bigger risks and have more fatalities when they do crash.

Women investors (stock market) many times will do what they are told to do and not do a lot of trading and will stay in stocks when the market tanks so end up coming out ahead of men.

Like as @Jay Hinrichs mentions these capital calls could very well be a disaster for marriages where the man is in charge of the finances.

@Nestor Rodriguez yes I am a Portland landlord. It is illegal to discriminate against a tenant based on their source of income so I would advise against even mentioning this in any way shape or form.

Are you qualified to purchase expensive RE? I would advise you to become prequalified. 

Based on your question I would also advise you to seriously consider using a property manager.

@Gary Bonds owning a few rentals is not a business at least according to my accountant, Best to attempt to qualify using your personal income. What makes it tough in the beginning is your rental income is not established so you need to be able to handle the debt not using rental income. 

@Basit Siddiqi when you say 50% RE are you saying 50% percent is equity or are you including debt as part of your RE?

@Stuart Udis multiple charges including water, sewer and storm water.

I have charged separately in the past then they grumble when one uses lots of water gardening or whatever.

Have a vacancy coming up which is rare and an opportunity to improve the place wherever needed.

@Eric Koelling from the city system development charge for a 5/8” meter $4791, install fee city 8475 and 4500 for the plumber to run from meter to house.

@Greg Scott $2493 was my water bill for the entire year.