24 April 2018 | 4 replies
About me: 27/M, DFW area TX,Salary ~ 50k gross Rent + Utilities ~ 25% of salary (shared house).Car ~ 10% of salary (9k owed and 3 years left).Credit cards are usually paid off or Utilized below 6%Credit score above 750.6 month emergency fund.
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14 October 2018 | 4 replies
And yet, they still have to hassle me about things like equity positions, seasoning, and all the other rigor marole.
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30 April 2018 | 3 replies
So I find that when I evaluate properties according to the BiggerPockets method, including CapEx monthly, including 5% of gross rents for repairs and maintanence, including 10% for property managers, etc, NO property passes any test. 1% rule, 50% rule, or even being positive cash flow.
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15 May 2018 | 13 replies
Look if you can support two properties from your salary.
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21 April 2018 | 1 reply
As you start adding rentals to your portfolio, you want to make sure each property is contributing to positive cash flow if you want to scale up.
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25 April 2018 | 6 replies
Any investment property that can not produce positive cash flow with a hypothetical 100% financing will never produce true positive cash flow.
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22 April 2018 | 2 replies
I am also taking online classes paying thousands of dollars every semester on a degree i can care less about which is really not gonna change my salary it will probably drop it if i decide to use it.
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23 April 2018 | 8 replies
I’m curious as to what other landlords position is on mailboxes and mailbox posts when they are damaged from cars hitting them, very possibly not the tenants fault as it is often a car driving by that hits it or backs into it.
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22 April 2018 | 1 reply
With the limited info that you provided, I personally would keep it in my portfolio as long as the unit is cash flow positive and the outlook for the location and overall rental market is positive.
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23 April 2018 | 8 replies
Without going into a long winded answer, it sounds like your main concern is that the balance was increased by 25,000 which put your in a less equitable position.