Usually in order to get that privilege you need to put down a heafty down payment.

Ethan - Being highlighted on the front page of our member blog system is a privilege, not  a right.

I recommend "The Compound Effect" by Darren Hardy and "The Talent Code" by Daniel Coyle.- Consider joining a team for 1-3 years.

Hi Jonathan,That tenant is paying $1400. for a room and its own bathroom, kitchen privileges and utilities included.

They dont get special privileges because of that.

@Shalini Chawala Depending on the property and the quality of the washer and dryer we may charge an extra $50 rent for the privilege of having them included.

(A suggestion: if you don't already, I strongly recommend using a late fee that compounds daily.

At 10% ($72), it would take 7 years to bring rents to market (this is simple math that doesn't compound rent increases but also assumes no increase in market rent over that same time, so it's probably close to a wash).  7 years is unrealistic and makes no business sense.  

Primarily that you will now cut your monthly cash flow since debt service will increase with a higher principal (unless you refinanced into a much lower rate environment)However, Cash-Out Refinances are riskier for your Lender for a few reasons, so they will typically charge a higher rate / points for the privilege (versus an otherwise identical loan thats a rate-term refi or acquisition)Why are Cash-Out Refinances priced higher by the lender?

The tenants in the creative houses also have access to the compound and can interact with the other creatives.