All Forum Posts by: Account Closed

As the housing market is climbing and has been for some time, people are getting skeptical about how soon things will change. When looking at ways to build a portfolio with "no & low money down," it's all about leverage. However, the biggest concern I've heard with a highly leveraged business is the impact of the market during a downturn.

I'm wondering what is on people's minds when they think this way. While it may be true that the value of the home will drop, that would only matter if selling during that downturn. Rents should stay the same, mortgage & interest payments would stay the same. Expenses would stay the same. It should continue to cash flow.

Hoping that we can get a few opinions about the details of this market function. Thanks!

Welcome! If you haven't already, listen to all the podcasts & read the books relevant to the strategies you plan to use. BP is a great resource, but also look into your local REIA.

Perhaps I don't completely understand Nicholas' or Casey's comments, but with every landlord I've had they've provided cleaning instructions & stated I would be charged for the time spent cleaning. They provided rates for different activities - carpets, mopping, dusting, etc. In one instance they followed through on that. 

I can't speak from the landlord's perspective, but it seems that it is acceptable, even in Dane County, which has particularly strict landlord-tenant laws. 

Again, look into your local laws.

Count me in.

Thanks for circling back and updating everyone on your plan! Especially from somebody nearby.