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16 February 2016 | 18 replies
I have already spoken to a few folks on the ground in Austin about doing deals, and have even started more directed conversations with someone who is Austin based and very keen to test the waters of partnering on some deals.
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8 February 2016 | 9 replies
Tile buckling, counter tops with gaps, buckets full of water from unknown leaks, home made plumbing, etc.
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10 February 2016 | 3 replies
Apparently, the lien is a tax/water/sewer lien, and according to the owner, there are no other lien's on the property, but would it be prudent to get a title search on the home?
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15 February 2016 | 4 replies
Had I evict a tenant and the furnace and hot water heater was stolen the next day.
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14 February 2016 | 8 replies
I am about to invest in my first rental single family home property in San Antonio and getting cold feet!
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9 February 2016 | 5 replies
Excellent books for someone just starting out A book is a good place to start, but without the hands on knowledge you are already dead in the water.
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8 February 2016 | 7 replies
I recently had water damage due to an old dishwasher.
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20 February 2017 | 19 replies
I'm seeing -700+/month for this place:Mortgage Rate 3.00%Length of Mortgage in years 30Monthly Mortgage payment $2,381.80 Taxes $425.00 Sewer and Water $100.00 (assumption.
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9 February 2016 | 5 replies
With an open roof you probably have all sorts of water damage and mold...
9 February 2016 | 5 replies
I am currently renting a place for $1,000, and I would like to "house-hack" and live in the 1BR unit (all numbers assume I am collecting rent from all three units though):Offer Price: $365,0003% Seller Assist: $6,400Total Income: $3,200Unit 1 Rent (2 BR, 1 BA): $1,250Unit 2 Rent (2 BR, 1 BA): $1,150Unit 3 Rent: (1 BR, 1 BA): $1,100Total Monthly Rent (before vacancy): $3,500Total Monthly Rent (assuming 1/12 months is vacant): $3,200Total Mortgage: $1,940Monthly Mortgage: $1,700MIP: $240Total Expenses: $1,065Maintenance/Repairs: $280/month (~8% of total monthly rent)Property Taxes: $240/monthInsurance: $170/monthCapEx: $175/month (~5% of total monthly rent)Water: $150/month (not metered)Miscellaneous: $50/monthFYI - did not budget for property management, because I intend on living here long-term and self-managing$3,200 - $1,940 = $1,260$1,260 - $1,065 = $195 cashflow/month