All Forum Posts by: Andy Richter

@Simon Gill FYI as a local to the area: Your forum topic reads Monroe County, OH, which is on the east side of the state, and your post reads Monroe, OH, which is on the west side of the state, centrally located between Cincinnati and Dayton.  It is located in Butler County, OH. I just want to make sure you know the difference so you don't make any mistakes while searching.

As for Monroe, OH, I live just south of there. It is an area I will be looking at when I get started in REI. I am unsure of the rental demand as I really just started researching the topic of REI. However, there does seem to be plenty of job demand in the area.

People might vote blue or red, but their money is still green. :-)

@Tom Ott #OhioAgainstTheWorld, or something like that. :-)

Thanks for the warm welcomes Tom, @Rolanda Eldridge and @Kristopher Hanks.

Hello all!  I want to introduce myself.  I signed up for BP back in June but just started being active on the site.  I am a homeowner in Liberty Township, OH who has aspirations of owning rental property in the next 5 years.  I look forward to building valuable connections and gleaning as much knowledge as possible from this site.  My current goal (aside from connecting and learning) is to own a few rental properties that I will self-manage while working a full time job. Another goal is to flip a few houses and sell them.

I look forward to connecting and learning from you all!

The Wife and I once asked our apartment complex if we could break our lease early as we were purchasing a house.  They essentially told us that we would be responsible for the turnover costs (costs that they would incur anyway once our lease was up).  We ended up finding a seller who didn't mind waiting two month from offer to closing so we just let our apartment sit empty for a month and a half after we moved, paid the rent on time per usual, and turned the keys in on the last day.  Is this not an option for you?  (I realize you are talking two months of rent.)

@Daniel Emison Excellent question!  The wife and I are in the same boat as you as far as student loan totals are concerned (she is an attorney).  I'm at least a couple of years away from really digging in and looking at properties, but I have always wondered if it is wise with so much student loan debt hanging out there.  I will be following this post.

@Account Closed Great advice! I am extremely familiar with Dave Ramsey and believe most of his teachings and beliefs are rock solid.  However, I have never heard of Robert Kiyosaki or Grant Cardone.  I will definitely check them out.

Long time lurker here (and currently only a homeowner with aspirations of one day being a landlord).  The twice-a-month rent payment (or pay-your-rent-on-payday) agreement actually doesn't sound like the worst idea in the world.  The Wife and I's mortgage is due the first of the month.  We always pay it on the first and we always pay it in full (obviously), but sometimes cash is a tight that first week (we are both paid bi-weekly, on opposite weeks, so we receive a paycheck once per week).  I have heard that some mortgage companies will allow you to make arrangements to pay half of the monthly total on the 1st and the other half on the 15th.  (And, apparently, it saves the borrower in the long-run somehow).  I can see how this could help out renters as well, especially with budgeting.  If I were to implement this idea, I would set the rent due dates as the 1st and 15th and not based upon the renters payday, as it is easier to track.  You're guaranteed the renter will receive at least one paycheck between rent due dates.