18 November 2007 | 4 replies
While I'm aware of the negatives, the positives are worth it: First, it's much easier to find a $350 renter than a $1350 renter, and second, most of the renters are on assistance from city, which helps place people there already.
16 December 2007 | 6 replies
If you $500/month negative cash flow means (mortgage payment-rent=$500) this will be much worse than you think.Will banks loan money if you have to make up the rent?
21 November 2007 | 0 replies
Has anyone had an experience in Minnesota where you were negatively affected by the law?
20 January 2008 | 25 replies
I only got into this to perform on my properties.
29 December 2007 | 35 replies
It is also true that the vast majority of newbies fail in a short period of time because they 1) pay too much for their property and lose a bunch of money due to the negative cash flow and 2) they don't understand how to deal properly with tenants.I look at each deal a person posts individually.
8 May 2009 | 10 replies
Here's an example:price $100,000down payment 10%, 10,000Amount financed $90,000Rate 6%Term 30 yearsPayment $539.60 (P&I only, your actual payment may include taxes, insurance, and PMI)payments made 24balance $87,721.41, 87.7% of original priceTo get the balance in this example down below 80%, you would need to make 89 payments, about 7 and a half years.
16 January 2008 | 11 replies
Well I only recently bought my first rental.
25 November 2007 | 1 reply
I only scanned thru it and have not read the whole thing.
20 December 2007 | 23 replies
I only have 1 of my early fights on the internet.
29 November 2007 | 7 replies
I only wish my Micro and Macro Economics professors had the insight and sense of humor this guy does.