All Forum Posts by: Brandon Hopkins

John D. A $30k property would be $6k down. The $150k property is $30k down. $6k makes you $600/month. $30k makes you $2300/month. I would definitely choose (and do choose) the $30k property. Your risk is spread out, one vacancy doesn't hurt as much and you're making more money each month. On a side note, you see $150k houses renting for $2300?

Happens to me too. Reload the app and it doesn't happen for awhile.

I've never had an issue like this but it sounds dangerous. This sounds like something best left to the pros. When someone could possibly get sick or die I pass the job to the pros. I don't want that kind of liability to save some money.

I always get at least two quotes on every big purchase.

Hey Mark, I'm active in Madera as well as outside the state. My opinion is similar but with a different long term outlook to yours.

I believe people are leaving the state due to high taxes, poorly run government and political views. I don't believe there will be great opportunity. There are still a lot of buyers and investors which drives prices up.

In my limited out of state experience, there is not much that would make me want to continue investing locally. The ratios are too poor and taxes too high to make it worth while.

Everyone has a reason for staying, mine is my church and family.

@Therese V.  With the multiple credit cards, you're talking about floating the balance. It's an extremely slippery slope. Unless you have the cash elsewhere, you're just one gust of wind away from losing it all.

@Will BarnardPurchase price is likely to be $50-150, SFR, investment. Indiana if that matter. The lender is in CA.

Thanks!

I have a lender whom I worked with on my primary residence. She moved to a new company and the lender fee for the loan is $1600. 

Is that about what is to be expected?

@Chris K.  beat me to the link!

I saved the link for inspiration (which I think was the goal), not for the numbers and factual information.

@Phillip Hunt  you're doing very well! $1150/month in income is nice. You could continue paying down the mortgages or save that money and keep investing into more real estate.

Looks to be in fantastic condition Shawn Thom ! What rehabbing is planned?