I don't recommend jumping into this world if you have no experience in the industry.4.

Hello Everyone,My name is Bob Judge, and I am 45 years old.

You can then sell it or keep living in it at that point at a new capital basis (you’ve locked in prior cap gains avoidance), but keep the old property tax basis.

Time is money in the service world and you should expect a base charge if a PMC has to send a ServiceTech to fix something that truly only take 10 minutes to do.

But you also SHOULD have some vacancy and some capex on an 80 year old house. 

So as long as someone gets realistic with the TRUE cost to  own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..

Your old carpet did not become more valuable over the seven years you owned the property, even if you are selling for a gain.

Some commuters to Dallas, because rent is cheaper in Sherman than Dallas.As far as DFW metroplex goes, probably one of my favorite cities for investment right now.My thought is look at newer homes vs the 100 year old ones. 

No need to invest out of state, when you are in one of the best places in the world to invest in real estate. 

Hey Colin, it’s fantastic to see someone your age diving right into the real estate world.. reminds me of when a buddy of mine bought his first duplex in Omaha.