All Forum Posts by: Ellie Ryan

@Ronny Dek how exciting! I am also looking for a small town feel. I've lived both the city and rural life and I've come to terms that I need something in the middle. Thanks for your input - I'd love to hear how everything goes for you!

@Jordan Moorhead Thanks! I'll definitely scope those areas out. I appreciate your input!

@Dan Burstain Thanks for your input! We have spoken with a lender so we have a good idea on what we can afford, but we're not using this trip to scope out properties just yet. We're aim to buy in 6-7 months or so. We're mainly using this trip to see which areas appeal to us. I will definitely look into those areas you mentioned! 

Hi! I am planning on making a trip down to Austin in a few weeks to check out the area to see if it's somewhere me and my boyfriend are willing to move. We are looking to buy a single family, probably in the outskirts of Austin, and would like to eventually rent it out or just hold onto it for appreciation. I'm trying to put a list of areas to see while we're there and was hoping for any insight. I've only been once before (just for a weekend and it rained the whole time so didn't get to see much) so I am pretty much in the dark on where to go. Any input would be greatly appreciated!

Thank you, Peter! Great advice. 

One things for sure, change is the only constant in our lives. And sure did! Power went out for close to 80% of the state. We were fortunate enough to have our backup generator kick-in.

It's good to hear a general consensus on this rule. Thanks for your two cents!

Thanks @Victor Steffen Some of the articles I was reading neglected to explain the exceptions to the rule - this definitely helps clarify things!

Hi @Jessica Lombardo, I'd be happy to connect with you! I'm in up in Maine now, but my boyfriend and I are thinking about buying an investment property in Chattanooga to live in for a few months out of the year, and rent out the rest. Would love to brainstorm ideas with you (:

I've been scratching my head at this 2% rule of thumb to determine the rent price of a property. I know it's more of a guideline than a rule, but I just don't understand how I could get away with charging $6,000 a month on a $300k house, which is the average price in my market. Houses in that price range rent around the $1,500 - $2,250 a month, which makes more sense to me. Can someone tell me if I'm missing something to this 2% rule??