Or has it performed as advertised?

Unfortunately Good Cause Eviction passed last night in the city of Rochester, NY.I want to thank Council Members Lashay Harris and Michael Patterson for doing the right thing and voting “NO” on this largely performative legislation…that will only TEMPORARILY protect a small handful of city residents living in EXTREME under market rental units…But it will have broad and adverse negative consequences for the WHOLE community.

Background: purchased property with inherited tenants. Tenant had bf living with them I made bf sign lease amendment to be on lease. Tenant informed me they would be leaving February first. (M2M Lease)A couple days la...

I would say it depends on how well the chunk of cash in your 401k is performing compared to the asset you are acquiring.

However the property is not performing and it’s affecting our personal lives now.

That is if purchasing EXISTING performing investment real estate AND have very good clarity of every facet of the transaction ESPECIALLY reasoning for seller selling, AND you have decent market intelligence. 

I assume in the winter months they would perform well, but in the spring/summer/fall (non ski months) how do they perform? 

Just like when evaluating a potential purchase you should be performing the same due diligence with rents.

You can get away with using 5% for Class A tenants, but we use 10% for Class B and lower. 3) Tenant Payment Performance: you didn't mention this, but it is important!

Quote from @Paul Azad: Quote from @David Pike: I just received an email this morning about Fund 2 with an update on first quarter performance.