All Forum Posts by: Joshua Nason

My original handyman for small tasks that I can't do myself (appliance repair, electrical, etc.) is out of the business. Looking for recommendations for an appliance repair company or person in Chattanooga, TN that handles small projects like this

What do closing costs look like in AZ? We bought our first two SFH's last year with conventional loans and have had a great experience so far. However, between the two properties here in TN our closing costs were around 10K. We're keeping all rental income in one account until we build our "moat" of 15K. We're ready to repeat, but struggle imagining ways to grow as quickly as you have while avoiding closing costs. What are your thoughts on that? HELOC loan can only go so far – 1-2 houses here – before its maxed and I'll have to factor that into a payment structure also.

Just closed on my first two rentals - one is tenant occupied and the other is a near gut-job. I was shocked to see closing costs in the $9-10k range for the two of them. I could've used a home equity loan to buy one of the properties outright and avoid those high closing costs, but was nervous about keeping my cash too thin given the gut job property.

Does anyone have an opinion on doing this one way or the other? What portion of closing costs can you write off for taxes? This is for near future reference