Over the last 10-12 years, the city’s been on a steady climb, and for good reason.

I wanted to share what just happened with me these last couple of months, and could desperately use some guidance to get back on track.

the event i went to in tampa last year at a resort had security but I think the other Mendenhall brother that no longer works there oversaw it they seemed professional and were ex military type guys..two k9 dogs were there. 

I was last getting terms around 5-6% for the first 5 years, then floating with prime, 20 year term. 

We have an upcoming meeting with them to see how we can extend the loan a few more years to make the total monthly payment including installments for the annual property tax bill, which we’ve had to pay for them this year since they were late the last couple years and had to pay interest to the county. 

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

For the last example, you spend $3K to put all the mailers out, so you would spend $3,000 to get a return of $20,000..

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

I had a realtor tell me last week "light rehab, under $30K" on a house that wasn't on the MLS. 

I saw a ton of this happen on the last downturn.