All Forum Posts by: Seth Bender

I would focus on property # 2 because the expense vs rent margin is greatest since you have 15yr mortgage

Consider selling, seller financing, refinancing it if you can’t sell it without taking too much of a loss. I wouldn’t be comfortable not only losing every month on rentals but also having the opportunity cost. You’d be happier having tenants pay you to live in your property not the other way around.

@Cameron Dye

Keep on top of your GOALS!

Monthly goal-

Yearly goal-

5 year goal-

A book strongly recommend reading is Unscripted by MJ DeMarco!

You can read the first 6 chapters for free

https://books.google.com/books/about/Unscripted.html?id=KM6oDgAAQBAJ&printsec=frontcover&source=kp_read_button

Or

Long-Distance Real Estate Investing by David Greene!

@Rob K. Haha I dunno Tom Hopkins might say it’s good to have families that help each other isn’t it? Then they’ll probably say yes with a really strange look on their face.

@Tristan Colborg I have been talking with support about this and they told me to delete and then reinstall app but that didn’t work.

Hi, I have summer tax on a rental which comes to almost $200 and winter will be about the same so I’m just wondering can I completely write off both taxes on top of property tax? Has any landlords had their tenants rents adjusted for this or is it always just paid for by owner?

I was just unaware that purchasing a out of state rental property out of state will prevent me from getting the first time home owner loan that’s is live. I am about to close on a rental and just heard that I might not be able to get the loan and since properties are very expensive in California it is concerning.

If I buy my first property as an out of state rental will I not be able to get a First time home buyer loan for my own house I’d actually live in? What’s the difference between the first time home buyer loan and regular loan in the state of California?

@Jill F I read you summary about your current deal of 20 unit property that sounds terrific.

@Fred Heller I’ve looked into employment in the area and there is good Oppurtunity in that area still. That’s pretty cool you had a radio/tv life there in the 80s.

@ Ernesto Hernandez David says on page 54 at end of second paragraph... “If you’re just starting out, don’t tackle a 2 percenter unless you have help from someone else who has had success— things can get out of hand very fast”.