Rent-wise, comps are about $2500/mo, which is just above break-even, but it's almost 18 years before it will be paid off.From an income tax-perspective, we are in the 24% bracket and both properties at this point mostly offset the principal gains with only ~$250/yr due for our KM condo and ~$100/yr due (estimated) for our Santee condo.Now that I am really attempting to understand these numbers for the first time, I see that we have a ton of equity that is producing zero cash flow.

Between those tracks is the gray area where guy like us are curious to step into as we attempt to move from one track to the other track where it seems (as painted by the risk takers) to be the place where more action is, resulting in higher earnings.But I am not a real estate entrepreneur, which brings me to my point.  

Find properties on the MLS that have been listed beyond the average sales time frame for your area, attempt to negotiate.3.

I recommend you sit down with some banks and attempt to get a debt re-consolidation loan and transfer your balances onto it.

His advice, however, was to attempt to evict her on the clause in my lease where she has disturbed the "quiet enjoyment" of the other tenants. 

Thank you much Andrew - it's contributors like you who slowly help knock down the scary walls of ignorance when attempting to get into this industry.Thanks again!

Hey everyone, I'm currently stationed in Germany on active duty.  Own a few SFH rentals and flipped a few, still a newbie.  My wife and I plan on staying in Europe for a few more years but we are looking into purchasi...

I ran the deal with 7.5% down on the BP calc.FINANCIALSDown Payment: 21,750CC & Inspections: 5000Cash Needed: 26,750Monthly ExpensesP&I: 1453/moT:  208/moI: 115/moPMI: 175/moPM: 232 (I will attempt to self-manage for as long as possible)Vacancy @ 5%: 116/mo= $2299 monthly payment with PM, $2067 without PM in place.I figure cap-ex and maintenance will happen, and we don't know when.. as something could happen day 4 of owning the property.

I'm a young lady attempting to make her first real estate investment (well, third.

Forgive me, I am newbie attempting to get his feet wet.