Three Months ago, low to mid 6's were available.Rates are going to continually fluctuate but if you have a way to earn 10+% on your capital, the TIME you are not using it is going to cost you way more than the extra .5% per year will.You are walking over dollars to save pennies if you are waiting for the perfect rate, half of the people who held out on getting mid 6's were waiting for high 5's.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I think other people seeing makes me feel accountable to post along with having it written out.

The property is only 9 years old so that's why I put only $10k also, they are opening a new company that will employ thousands of people nearby so that's why I put a 6% income growth and only 3% expense.

👋It’s a pleasure to join this community and connect with people passionate about real estate.

Some high and lowlights:- I had one tenant that brought German cockroaches in and then blamed it on me- Same tenant asking if her daughter can visit but failed to mention it was 5 more very noisy people- another tenant having constant loud arguments with his gf- tenant saved some of my stuff when the house flooded due to a pipe burst and another time during a monster rain storm.

Interested to hear from both seasoned pros, and people who got into this area of investing recently.....

🤔 Anyway my point is you need to surround yourself with likeminded people.  

I'm in Oregon which basically whips people for being landlords but 99% of your problems are solved by getting good tenants so screen, screen, screen. 

Been in law enforcement for some time and while they do evolve over time, they will keep the same red flags in for long enough for people to figure them out and spot them.