All Forum Posts by: Rita Koroll

Thank you for the good advice. : )

probably expensive rental to start out. Right?

I have lived in it for a year.

1533 mortgage 

194.00 HOA

3 bedroom, 2.5 bath, 2 car garage 

1700 sq feet 

One is listed for rent at 2,000. 

I bought a brand newly built town home with many upgrades in july/2016. I have been living in it since then. I now want to get into real estate investing. Should I sell my town house and start, or rent it out. I can live with my son for a while to get started in investing. My townhouse is purchased with an FHA mortgage and has PMI as well as HOA of 192/ month that includes water and basic cable. The building is owner responsibility. They take care of grounds and sub. Which is the smarter deal sell and begin or rent it out?

Tired of working to pay bills! I recently read an article, about real estate investing, and how your house is a liability and not an asset! After one article I am drawn to more and more, and am now ready to go all in!!'

I like that. Bullet proof lease!!! 

Thank you to all of you!! This has been a great help!! 

Penny,  Thank you! I will get both books. If so many people are landlords it can't be that bad. I'm sure there are horror stories, but there can be in everything. Going to definitely screen well, and learn all I can.  This site is an excellent tool. Thank you so much for your help, 

Yeah. Me and my Son will be the PM for a while to start up. 

Need to save money for more rentals : ) Our challenge is going to be finding rentals. There aren't many around where I live. I live in Palm Harbor, Florida. At least not many in the MLS right now.

How much do management companies typically charge? Isn't it better when starting out to self manage and then later when you have many up and running hire a management?