I one tried to buy a house where the seller was being assessed/taxed for an additional house that was NOT on the property but was actually on the neighbors property and they had been paying an extra $1k or so in taxes for this extra small house for ~10 years!!!

As Min Zhang suggested, making sure you have a reliable property management company is key and can ensure you aren't dedicating any extra time to taking care of this asset when you already have a job with demanding hours.

Hey @Mariangela Ciciarelli, Many of our clients invest casually in short-term rentals (STRs) near Disney in Orlando, and while there is potential, extra due diligence is crucial.

That's an extra $900 that you keep.

You can go up to 80% but the rate is not worth the extra 5% in most cases.The other thing to look at is if you have a prepayment penalty and if so how many years you have left on any of the three properties, if not than your good to go!

What I mean is, if you are thinking $50,000 down, plus closing cost, plus fix up cost, plus time on market to get rented as your foot in the door cost to get up and going- you might want to add an extra line item for additional time and additional costs associated with this type of scenario.

So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years.

Bank REOs often have extra paperwork and offers are made with an agent.

Sure, if OP wants to spend an extra $500-$1,000 on an appraisal that can't actually be used by her bank just to have as a reference point, she can certainly do so.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the sep...