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re: Advice needed for situation....
Posted on 12/29/14 at 8:13 pm to dallaslsufan
Posted on 12/29/14 at 8:13 pm to dallaslsufan
I appreciate your response. Don't think for a second you have to be a handyman to own rental property. I am the furthest thing from a handyman and I own 3 rentals and I'm not 30 yet. I purchased some properties in good areas of Lafayette in good school zones and have excellent tenants. I screened the tenants like crazy and was able to get normal people that respect the property and make good money.
I collect my rent payments online so I never have to track anyone down or issue late fees; they are automatically calculated. My minimum cash flow for a A property is $400/house after all expenses. There has been a total of 2 repairs needed in the last 3 years on the rentals.
If you think rentals are the way to go start reading Biggerpockets.com and the book Landlording on Autopilot. Both will give you a road map for success.
I collect my rent payments online so I never have to track anyone down or issue late fees; they are automatically calculated. My minimum cash flow for a A property is $400/house after all expenses. There has been a total of 2 repairs needed in the last 3 years on the rentals.
If you think rentals are the way to go start reading Biggerpockets.com and the book Landlording on Autopilot. Both will give you a road map for success.
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