Our Pro Membership unlocks tools, services, and exclusive content so that you can reach financial freedom faster!

We hired a plumber (that we have used for years) to fix a tub spout leak and toilet repair.

Assuming current interest rates my debt service would be around $87k/year (30 year, 7%)  which I am comfortable with.

Then find out what needs to be repaired by section 8 and make those repairs. 

I cannot tell you after buying a property how many things come out of the woodwork like roof repairs, electrical repairs, new hot water heater etc. 

Here's a list to give you an idea:Startup Costs:Down PaymentClosing CostsProperty InspectionAppraisal FeeProperty InsuranceInitial Repairs and RenovationsEmergency FundOngoing Expenses:Mortgage PaymentsProperty TaxesUtilitiesProperty Management FeesInsurance PremiumsMaintenance and RepairsVacancy CostsProperty DepreciationLegal and Accounting FeesRemember that these costs can vary based on factors like location, property type, and personal preferences.

Hi Everyone,I'm currently on the lookout for reliable wholesalers that service the Southern California region, specifically Los Angeles County, Orange County, Riverside County, and San Bernardino County.

I was a landlord using the service and initially I thought it was great. 

The HOA can wipe out the mortgage, but usually the servicer jumps in and pays the HOA.

Specialized Real Estate Services: Some banks offer services specifically tailored to the needs of real estate investors, such as tenant rent collection accounts, escrow management, or property management software integration.