All Forum Posts by: Ralph R.

I am going to buy another rental in late summer in Colorado. I want to give my agent some ideas about what I want. I have $35,000 to use for down pmt. If I am correct this should be enough to by a dueplex in the $100 to $125K range. At 4% interest the P.I. payment should be $350 to $430 dollars. I just bought a dueplex in the same area for $100K. Taxes and insurance are $1,600 a year. I use a P.M. and they get 10%. I am thinking total rent should range from $1000-$1200 a month.
Question is are my perameters in the ball park??

Thanks in advance for all your help. Bigger Pockets ROCKS!!
RR

I am just finishing up with not one but two bad property managers, over the same thing. They would not send itemized bills for maintenance performed, but rather lumped all costs under 1 catagory...I never knew what I was paying for. Be careful if you decide to get rid of him though as there was also a penalty for breaking my contract early. $750 dollars to be exact. If he's not abliging your wishes now it probably will get worse. Get rid of him if you can