All Forum Posts by: Will G.

Thought everyone should see this:

https://www.mba.org/mba-newslinks/2018/november/mb...

What is on your deed? If not recorded there is no obligation to participate and maybe he is just hoping you will kick in?

If someone demands payment for an hoa ,you demand deeded, inclusion, proof that you are obligated!

step 1 is education and integral to that, learn the r.e. cycle or pay the price for working against it!

def invest in yourself! Never stop learning and expanding your knowledge base. trading your time for X$ per hour is limited while having ability to generate additional income can serve you throughout your life.

@Elton Tidwell

Welcome, and please let me know if  can be of service to you! Lots of invest experience and g.c.

please update this thread cause if they cover it i am switching!!

i always thought this app required furring strips? did the metal manu say this was ok?

is it a one bath sfr? I have found good tenants in that price range to be a challenge, specially finding folks who dont smoke!, and if you want to live in it eventually you probably dont want smokers. $5k for the back deck?? seems really high. What else is on the inspection report, galvanised supply?,cast iron waste?,. Lots of stuff to be aware of especially on these 1940's  era homes. Your purch price and current rent are good especially in our market, so I would be very cautious about squeezing the current people if they really are "good" tenants. My biggest concern in your description is adequately accounting for the capex on the house. Do you trust the inspection report or was it realtor referral?

Rhonda, thanks for sharing your experience.

Does your 33% expenses have a reserve amount built in for eventual replacement of major components?

still would like to know if there is percentage of gross i can use to figure expenses??