All Forum Posts by: Blake Bailey

@D'Andre Byers congrats on the new engagement!

This advice may not be extremely popular here in BP— but I would strongly encourage you to wait a full year after you get married to invest in real estate.

Focusing on being a good husband while building up your new family’s emergency fund is all I would worry about. Use that year to listen to each other, weigh the pros and cons, and seek wisdom from married couples that have invested in RE, and come to a decision after you’ve had your first anniversary. My wife is not my business partner, however, I have never made a RE investing decision without her wisdom first.

The properties will come, my friend! Enjoy that first year first.

@Steve DellaPelle that was certainly a pain on the front end. I probably lost about three weeks of rent waiting on the inspector. This Tennant is planning to be there 4-5 years (which her rental history does support). If that was not the case then I would not be so apt to the inspection headaches again.

@Abel Curiel

Will you please send to me as well? Thanks! B

One of the biggest pros in our mind is the direct deposit setup with HUD. Again-- newbie here-- but it seems like one of the biggest headaches for new investors is chasing the rent down every month.

Thanks, Abel! 

My wife and I purchased a SFR rental for $200k. We put 20% down, only had some minor repairs before listing. PITI will be $1247/mo and will rent for $1700/mo. (I realize this is more down than most recommend, we just felt more comfortable on this first one giving ourselves some room for error). We have had quite a few section 8 applicants that are willing to sign 2-year leases at full $1700/mo, due to there being almost no multi-fam housing in our county. What should we know about Section 8 from a landlord perspective? What are everyone's experiences?