All Forum Posts by: Matt McGuire

I do have about 60k equity in it. There is another house for rent on my same street that is the same floor plan and its been vacant for at least 2 months. Its advertised on realtor.com for 2300/mo.

I bought a house before I knew about Bigger Pockets and wasn't considering renting it. Now I'm being relocated for work and I'm thinking about keeping this house to rent. The problem is, I cant make the numbers work. Its a $300k house and the tax rate is 3.2% so PITI is $2150/mo on its own. I don't think I will be able to get that much in rent. But, it is in an up-and-coming neighborhood that I am confident will appreciate. What would you do?

I definitely think there is a need in this area. I would attend. I am not currently attending any meet-ups but was planning on going to the Killeen/Temple one. I didn't know about the Round Rock one either.  I'd like to build my network and this would be a great opportunity to do so. 

This is a little off topic but still related. I found a triplex for sale that is already fully leased to long-term renters. The numbers check out, but when I checked the tax assessors website I saw that an investment company currently owns the property. My initial thought was "why are they selling it?". Would a deal like that scare you off knowing that information?