All Forum Posts by: Mark Holencik

Neither one sounds good. I am not against a negative cash flow if there are perks that make up for it. Appreciation is not a perk. 

I do not figure appreciation in on buying a property.  i

Sounds like a money pit with all the upgrades you are planning on doing. 

I am settling on a property tomorrow that will cashflow at $33.59 month. Benefits: no cash out of pocket. $1700 in my pocket at closing. Paid off in 10 years. Money put aside for vacancy, minor and major expenses each month. Property manager. Tax benefits. Very minor updates $500. More updates when the first tenant moves out.

The property is a single family rental. Why would the LTV make a difference?

I am interested in clauses you like to use in a private money mortgage. I am getting a private mortgage and it will be for 10 years.