All Forum Posts by: Scott H.

thanks, @Christopher Brainard ... at this point, not dead set on much. : )  I will be in that area in a couple weeks. I hope to talk to the management company. There's no way I am going to end up buying anything while out there. My wife is not that spur of the moment when it comes to money. I am still trying to convince her that this is a good thing. I agree with your thought on possibly doing a vacation rental for myself out there if I were to find something to buy and then rent.

I am envious @Larry Fried of your digs in the NW. Absolutely love it out there. Seattle, Portland, Olympic Penn. Heaven on earth. Well, maybe not the traffic around the big cities.

@Christopher Brainard Here is the email from the property mgmt on what they include in the 10% ...

Our property management services are top notch. Our fee is 10% and for what we do everything from marketing, screening & placing the tenant, lease enforcement, collecting rent, repairs, and quarterly inspections. 

Thanks, @Rod Hanks!

Nice job @Dan Beaulieu!

I am trying to decide if I should pay double on my monthly mortgage amount on my residence to pay off my mortgage in 7-10 years OR put that additional money into a savings account to save up for a down payment on my first rental property. Thoughts? I would think it would be better to save up for the rental down payments. That way, once you had the rental property and, hopefully, some positive cash flow, you could couple that to pay down the mortgage on your residence faster?