All Forum Posts by: Brad Hunton

 I'm also in Granbury, just outside of Pecan. The bad thing about $1,800 rent is you aren't breaking even. You will be losing money due to vacancy, cap ex, maintenance, etc.  I would factor in at least 15%-20% just from my experiences.

The long term appreciation play might be worth it but be sure to have more than sufficient reserves to weather any unexpected expenses. 

 Taxes and insurance are escrowed so I include that in my mortgage. The margins are tight but with it being brand new I am betting for the first 5 years repairs will be minimal. Even if they aren't my W2 and reserves would see me through. I am bullish on Granbury appreciation and we still have many people moving into the area helping to keep rents climbing. Not everyone would be comfortable with my approach and that is OK, I'm not looking to retire in 5 years anyway. 

 I live just outside and Granbury and have done it twice here, but I buy a new home as a primary and move out and then rent. It has worked great so far. The last house I bought was just completed and I got about a 20% discount. Even with higher interest rates I rent it for $300 more than my mortgage. Not a big margin but with it being brand new I'm comfortable with the spread.

 I have a contractor that does really good work in Granbury and Fort Worth if you would like his info reach out to me

 I am also in Texas with 16 rentals and was charged around $2,000 with two different tax planning meetings throughout the year.

 This is what I plan to do. $500,000 tax free (if married) is nothing to sneeze at. If of course they go that high. Some will some probably won't. 

I got my start in REI a little later than most here but since 2016 I still have all of the rentals (16 LTR) I have bought over the years. I am in the process of selling a portion of the portfolio but just switching from Class C properties to less problematic Class A properties. Long term rental all the way for me.

Hello, I have a great PM in West Texas that I use to manage my properties. He is based out of Colorado City but manages Snyder, Sweetwater, Big Spring, Colorado City, and just began expanding into Abilene. If you are interested send me a DM.

In the current market we are in (inflation, rates, housing market uncertainty, etc.) what are your thoughts on buying vs renting your primary residence?  

I own a small portfolio of SFH and a couple of duplexes and we have been renting our residence for the past year. Our lease is coming up in a month or so and while we do plan to stay for another year because of our kids I have started to think more about buying. If I buy another house we would have to downsize but our monthly mortgage would still be higher than what I am paying for rent. I know that depending on who you talk to, your primary is not an asset because it does cost you money each month but I still struggle with paying rent and not building any equity.

What are your thoughts either way?