All Forum Posts by: Stephanie Bureau

I can't get a property to cashflow in the calculator. I'm looking at rentals. I use the 10% repairs, 10% cap ex, 9% vacancy and 10% management. Taxes are about 2-4k/yr here and it throws off all of my calculations. I looked at a 69k house at 800-900 rent and a 100k house with 1000 rent and neither cash flowed. Am I doing something wrong?

That's awesome!

There's a wholesaling calculator as well and you can run it to see if it would be a good rental for someone

Use the bigger pockets calculator, but it's meets the 1% rule so it might. Need to look at taxes which are high in this area and VIMTM (vacancy, insurance, maintenence, taxes and management)

According to: http://www.texastenant.org/security_deposit.html

"A security deposit should not be confused with an Application Deposit or some other fee. Advanced rent (like first month or last month's rent) is not generally a part of a security deposit either."

"There is no limit on how much a landlord can charge for a security deposit."

"If you signed a lease and gave the landlord a security deposit, you may still get your deposit back if you never moved in. But you only can get the these back if you find another tenant acceptable to the landlord to move in or the landlord finds a replacement tenant."

@Jim Adrian Texas doesn't have a cap (at least not at state level) for deposits. I was thinking it might be a lot.

@Account Closed My thought with last month rent is that if they stop paying and you evict them the next month it covers the month they didn't pay.

Welcome Larry. There's lots of information here on this site!

Can we please do this? I would absolutely love this!!!!

Welcome Mark! Browse through the forums, and listen to the podcasts!

Hi John. There's a lot of information on this site. My suggestion is first learn how to analysis properties to make sure they'll cash flow. There's some great calculators on here that you can play around with