All Forum Posts by: Kate Batals

Hi Dan,
Thank you for your response. It is a neighboring state, so it wouldn't be a big move like moving across the country. The change in lifestyle wouldn't be too different if we moved. There might be less things for us to do there for fun, but maybe we will have more opportunities to travel. I think what we like about moving and downsizing from where we live is it will cut our living expenses in half, especially in a time where inflation is accelerating at a rapid pace. It will also allow us to continue save money and invest. Hopefully this decision will help us achieve financial freedom faster.

Hello, 

We have three cash flowing rental properties and our primary home. We are looking to move into our least cash flowing home ($250/mo) which also has the smallest monthly mortgage payment ($860/mo); our mortgage for our primary home is twice the amount. If we move into our rental, this will allow us to rent out our current primary home and have a good cash flowing property (about $800/mo) and it will lower our monthly expenses. This will require us to move to another state where my annual income could decrease by 10%, since job salaries in this state are lower.

Another idea we had was to rent out our primary home and rent for ourselves, as long as our rent cost is less then our current mortgage. This way we can have four rental properties versus three, and we can also avoid having to relocate out of state.

Is any one in this current situation? Any thoughts on what the better route may be? Our ultimate goal is to decrease expenses and use the extra income to pay down our properties more quickly. Thank you!

Hi, I was wondering if I can get any current advice if it is worth converting a regular fireplace into a gas fireplace. What is a good price range?

Hi, I have been looking at Salt Lake City and the Lehi markets for awhile now, and I wanted to get some insighter perspectives on whether investing in a townhome is a good investment or would a duplex be a better investment in these areas? I am just trying to do my research on what the first time home owner is interesting in buying and what the renters there are more willing to rent. I know townhomes usually have an HOA attached to them and they are more affordable for the first time buyer. Also I noticed it is hard to find a good deal on multifamilies in these markets. I am looking for high quality tenants and an area that attracts good businesses and developmental growth. I want to invest in an area that will become desirable or is already desirable (has good school districts, low on crime). I will appreciate any advice as well as property manager and real estate agent recommendations. Thank you!

Check the property taxes in that city. They have a high property taxes compared to Temecula and Murrieta. 

I would also like an update as well regarding where the market is heading and how the push of rent control will affect investments in this market. 

@Mike D'Arrigo Thank you Mike. I appreciate you sharing what to look for when buying my first SFH there. I will make sure to keep all those points in mind. They are very helpful.

@Simon Stahl

Thank you so much for the website! It was very helpful. 

@Chase Sanders 

Thank you, that’s great to know that you work in those areas. I did some more researching online and you confirmed to me those areas are great places for me to check out in person when I go visit. Thanks! 

Hi I am getting started on exploring the Indianapolis market. I would like to buy a SFH there. I would like to know which neighborhoods are considered "B" class. I want to take a flight there to explore these areas in person, but I would like to get any recommendations first before going. I would also appreciate any real estate agent and property management company recommendations. Thanks!