All Forum Posts by: Jason D.

All the information we heard while down there, it has no signs of slowing down its growth either! Sounds like a great opportunity.

Rich, I work for a company who has expanded within the Villages and was just down there a month ago for a work visit. Very impressive, very clean and very active area! Couldn't help but to think of the investment opportunities there and the growth potential still available in that area. I was also very jealous of everyone golfing all day in 80 degrees! J

Thanks for the input. Recent comps are lower than what we are asking so I think our best bet would be to rent through the winter and possibly beyond. My numbers might not be exact when all is said and done but should be close and allow for some positive cash flow. Thanks again!

My wife and I have been trying to sell our old house for the past 5+ months or so with not much SERIOUS interest. With winter setting in we are worried about the possibility of it sitting vacant and us continuing to pay two mortgages through the winter. We have been wanting to sell this house and purchase a rental property, but now we are thinking about renting this house out. It would not fit the 50% rule but being less than 10 years old and knowing the history of the house I think we can be less conservative with our expenses while still setting some aside each month. Has anyone else run in to this situation? Should we just hang tight and wait to sell? I guess you need to start somewhere (as a landlord) but i was thinking a less expensive house as our first as opposed to our old house. A quick breakdown of numbers:

Mortgage/ins/taxes/hoa ~=$1,000

Rent ~=$1800-$2000 (from what I've been told by a few realtors

Cash flow would not be our primary concern, rather renting it out, paying down more of the mortgage and then revisit selling come summer time.

I'm pretty new so I may be missing some stuff, that's why I came here! Thanks in advance for any feedback.

Hey everyone,

My wife and i are from Grand Rapids Michigan....I've been on the site for a while, reading a lot and soaking it all in! I've read the beginners guide (found it very helpful) and several books as I've researched this avenue of investing. Were interested in getting started in SFR and growing from there. I may be different in that my wife lives of a trust fund and that is part of our reliable income. We have recently bought a new house with $150,000 down on a $390,000 sales price. I make a decent income and the house is in my name (to jump through all the hoops with lenders right now)...we both want to get stared in the next 6-8 months but I am not sure on the exact financing we should pursue...

We are not trying to get rich overnight but would like a new investment that could grow to the potential of me leaving my day job. We are looking in the 30-50k range for our first. Looking for any and all advise along the way as 90% of you can probably speak from experience....if you were me, where would you start?