All Forum Posts by: Ryan Johnston

Hi Ryan, I actually own 9512 Ashford Dr, just up the street from you. My property is currently renting for $1,800 per month. I would keep your house even if its a a bit negative as you won't be able to sell for much profit or any. The appreciation will come when its a sellers market. I am a local Property Manager and would love to help in anyway I can of youd like

Thank you! What's your email?

0 Votes

Oklahoma City, Oklahoma

Quote from @Rob Drum:

@Ryan Johnston A couple of questions worth asking.. Is $150 negative cashflow a lot for you? Is this your only rental? How much did you put down when you purchased it?

If you put less than 5% down, your return on equity is likely sky-high. You've got to include loan pay down, appreciation, and depreciation in your return calculations.

The point of cash flow is to keep you safe. If you can cover small negative cashflow without destabilizing yourself or the property it's not a problem IMO

Thanks! Yes, it was 3.5 % down FHA.

0 Votes

Oklahoma City, Oklahoma

@Vivian Yip How would I go about adding on insurance databases for consideration to help displaced homeowners get temporary housing?

0 Votes

Oklahoma City, Oklahoma

What's your email?

0 Votes

Oklahoma City, Oklahoma

Yes possibly! The AF base is about 20 mins from the house. I'm curious as well how likely someone would want to buy the furniture with the house as well.

1 Vote

Oklahoma City, Oklahoma

11757 NW 95th St. Yukon, OK 73099 is the address! Mine is a 2022 build

0 Votes

Oklahoma City, Oklahoma

Yes thank you! I've been on for a while but this is my first post!

Sales price: 227k

I would be hopeful for like 240k-246K possibly. With the option of a fully furnished home as well! All the furniture could be an addition.

Zip: 73099 in Yukon, OK

0 Votes

Oklahoma City, Oklahoma

Thank you so much for the response! So true, I've read his stuff as well. I'll shoot you an email!

0 Votes

Oklahoma City, Oklahoma

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft). Lived in the house for 1 year. For most of the 1st year I house hacked and rented out my 2 spare bedrooms, for 6 months that covered the mortgage. After that I moved out and did Airbnb for 4-6 months but struggled keeping up with it not living in the same city anymore, so I switched it to a long-term rental. I'm having to offer this as a fully furnished house to be able to charge a premium on rent just to get close to the mortgage. I've kept it rented out consistently, however, I'm negative $75-$150 in cash flow a month. Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow. Thanks for reading!

0 Votes

Oklahoma City, Oklahoma

Are they’re currently any promo codes for becoming a member?

0 Votes

Tulsa, Oklahoma

All Forum Posts by: Ryan Johnston

Ryan Johnston has started 2 posts and replied 10 times.

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Should I sell or keep my long-term rental when it isn't cash flowing?? Please HELP

Post: Wanting to become a member