It takes a bit to grasp the concept of velocity banking but once you do it is a great tool that can save you many of thousands in interest.

I am *guessing* that in his case it will be only a few thousand different in taxes over 30 years IF he kept it that long.

I’ve since been out of recruiting but my good friend is in and is aware of where some of these 5 to 10 year contracts where they need a few thousand people are all around the country.I’m curious if anyone has had a strategy where they identify these contract hubs, and then invest in places for contractors ( who often get monthly or daily per diem for rent) and if you’ve found it to be a good strategy?

It is an older home built in 1952 3 bd 1 ba, and is about a thousand sq ft.

Fort Bliss, one of the largest Army bases in the country.Sizable Student MarketThe University of Texas at El Paso is one of largest colleges in the state, there are over twenty thousand students at UTEPHigh Demand for Affordable RentalsThe median household income for the US is roughly $55,000.

@Brian Van Pelt one minute could have saved him thousands.

Also if the property was grandfathered in or at a compliant elevation once the survey was done and a certificate issued then the flood insurance could be under 1k but it had the potential to be very very expensive (many thousands) or as previously mentioned even uninsurable  Zone and Floodway AE had roughly 26% or 1 in 4 chance of flooding over the lifetime of the mortgage  I walked away from the deal and informed the seller so she is prepared for the next buyer. 

I have a tenant who is a Texas licensed sales agent.She messaged me that she would like to buy-out the remaining 8 months of her lease due to a bitter divorce.I highlighted the cost to to include holding cost and cost of leasing.Sensing that this may run to a couple of thousands,she is offering to list the house, do showing and continue to live in the house until a new tenant is found.I am just not comfortable with this suggestion, I will rather list it myself being a realtor and let her do the showing instead.I am trying to keep the relationship strictly landlord -tenant without any complexity.I am just curious what you guys would do or did in a similar situation.Thanks in advance

Installing privacy fencing can cost thousands.

We just wanted to sell our house, but now is completely damaged and will need thousands in repairs.