All Forum Posts by: Valerie Longoria

There was a small medium sized tree in the backyard that is now missing. Tenant said it died with heat wave despite his efforts to water it. Is he responsible for replacing tree? 

@Christopher Campbell. We decided to keep the property and see what we could do to increase cash flow. I feel so much better about our decision after all your advice. The plan is to do a cash refinance with the other sfh and purchasing another multi family. I am just starting to study the brrrr method and can maybe do a heloc to get that started in a year after educating myself and making contacts with contractors for when we dive into that! I added up our annual cash flow from our rentals and the end goal is to have financial freedom and I believe we are definitely on our way so far it’s at 13k annually with the ($24) included. This is so much fun. Thanks again I appreciate your time. 

@Joseph Cacciapaglia so initially the property appraised higher after I purchased it. And after my realtor did local comps recently it seemed the value really increased. I just thought we would be sitting on this for over a decade making minimal cash flow instead of finding a multi family or trying the brrrr method. We bought a duplex after this sfh and it was night and day with the cash flow. For the single family home the rent is 1200 and it's a two bedroom one bath. I think the rent is on the higher end. Just because the neighborhood is so so, the location is great, it's close to downtown and two major highways. And btw thank you so much for taking the time to help me out. There is another SFH we have that I could do a cash refinance to try the brrrr and just keep this one tucked away. I think the principal left is about 15k on that home. Thoughts?

Thank you so much. I love studying and learning how to improve. I’m just glad we finally started. Are you in the San Antonio area? 

We have a single family home that we have rented for past 2 years. At first cash flow was great. However the previous owner had a tax exemption so After 1st year it increased and taxes went up so much that our cash flow is literally $24.00 each month after paying mortgage. It is a 30 year mortgage and we were thinking of selling and trying another route with real estate investing such as the BRRRR method. The good thing is the value has increased so we would walk away with an extra 20k after deducting our down payment originally invested. Any advice is appreciated. We are in San Antonio market.