All Forum Posts by: Michael Jones

I use T&J property management and they have not steered me wrong.

I just got my first rental property and I wish I would have accounted for repairs better. This proved to be difficult in a fast moving market and you have to act quickly. My cash flow is great, but my ROI is suffering a bit. So bottom line next time I am over estimating repair cost.

@Marquez Griffin great feedback!  Thank you.

@Jaysen Medhurst thanks for the reply.

@Jason D. thanks.

If the numbers were good with all things considered PITI, maintenance, vacancy, capex and management, would you invest in a remodeled property on a busy main street? Property is rent rented at $725 to $750...

@ Tony 

@Tony Mai With my excellent credit I am able to put 15% down on a SFH, but not the case if I get a multi family unit.

Hello @ Jonathan slagill, I have a property management company lined up at 8% and great points on adding additional money for big ticket items.  I have excellent credit and to get that low of an interest rate requires 25% down with points. The credit union was an awesome rate but required 30% down (I will get there).  I appreciate your help and may look to you in the future...

It is by an AF base, so $950 would be easy to get.  The house is in excellent condition after rehab.  Thanks for the advice 

Thanks...offered $83K on a $98K list price and they will not go below $90K.  House is in excellent shape.