All Forum Posts by: Frank LaViola

@Cameron Tope thanks for the number on a cash flow basis. Not sure why but I always think $500 and up is good but have heard others state lower than that.

@Cameron Tope I meant the 70% rule

Living in Houston and having rental properties it is definitely AC--lasts about 10 years, Roofs--can last 20 years but check hail damage, and crazy as it sounds water heaters.  Water heaters are placed in the attics of the majority of the homes and they need to be replaced every 10 years.  If it bursts its an expensive damage cleanup.

Hi All, 

New to Bigger Pockets but started reading a couple of books. So I've owned 4 rental properties since the great recession. Purchased all on foreclosure and have done really well from a cash flow and appreciation perspective. My goal is not necessarily appreciation but its been great to have. Anyway my questions is I've been buying houses from wholesalers, we are on our third in about 4 months. The first one we kept as the ARV dropped fast, it was a condo do I learned from that. The second one is on the market now and has been for 22 days. My 2 questions are is the 70/30 rule realistic in Houston Texas adn waht is a good cadh flow benchmark for rentals in case I keep some more.

Thanks all