All Forum Posts by: Mehmet Eksik

thanks Ilidio , Do you charge the summer months when they are away .  Also the house should be furnished or not ?

I am thinking about investing on student rental house,  it seems like better return on investment  but also heard it hard to manage . Anyone who have experience on this niche gives feedback  greatly appreciated.

Ok thanks! would be great 

Currently i am in the process of closing 4 units,  I cannot find insurance anything less then $2200 a year. I feel like it is little too much. Any recommendation  appreciated.

Great points Ned .  Jay has good points too. Perhaps it is harder to get loan in the future with less equity  ? I remember they were asking me about my assets /depth ratio when i was getting loan. I guess using leverage is less riskier but less  profitable  when you create passive income versus using it for active business.

Justin,

 Interest rates in local banks here has been  fluctuating between 4.625 and 4.75 last week. I have a perfect credit and good job. They let me put down %10.5 down and no pmi.  %5 down %5 interest loan from private mortgage broker. A caveat to that I am getting only %3 equity on that but lets me use %3 seller concession for less money from my pocket . Actually that was what my original question stemmed from . Was not sure which mortgage option is good for me . Also keep that in mind that i am first time buyer.

thanks Shawn 👍

And closing cost are very high here 

How do you know the next property is gonna give me return more then %15 . It is hard to find a good deal . I rather wanna have less property and less headache and achicve my target cash flow with minimum amount of doors . Some might satisfy egoes with number of properties that have ...

Thanks for the positive feedback