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Coastdog28
| Favorite team: | Mississippi St.  |
| Location: | Tampa |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 5 |
| Registered on: | 4/14/2009 |
| Online Status: | Not Online |
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re: For the posters "of a certain age", how have you found a balance in your life?
Posted by Coastdog28 on 5/6/15 at 2:18 pm
I agree, but it certainly helps if you end up giving your portfolio over to a property manager at some point. Giving away 10% of rents kills the cashflow....
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re: For the posters "of a certain age", how have you found a balance in your life?
Posted by Coastdog28 on 5/6/15 at 11:48 am
Monthly rent should be 2% of the purchase price of the home.
$2,000 monthly rent for a $100,000 home. It's tough to pull off in decent areas and typically you need to be in the lower end price range on houses to meet these marks. It's just a general rule of thumb.
I stay in the 1.5% range a...
re: For the posters "of a certain age", how have you found a balance in your life?
Posted by Coastdog28 on 5/5/15 at 9:01 am
Im in commercial RE doing development. On the side though I've tried to pick up as many rentals as I could. Had a multifamily property in New Orleans and sold it a few months ago. I have a couple other rentals that I split with a partner. Unfortunately, trying to find deals that work number wise...
re: For the posters "of a certain age", how have you found a balance in your life?
Posted by Coastdog28 on 5/5/15 at 8:57 am
That has to be a record or something? My account was deactivated for lack of use, go figure. After that I never felt like reactivating it to post....
re: For the posters "of a certain age", how have you found a balance in your life?
Posted by Coastdog28 on 5/4/15 at 5:10 pm
Longtime lurker and usually spend time between the money board and Bigger Pockets. Bama, our stories sound very similar. Im 31 and also in the RE field. Love this board though.
And, it does seem tough to juggle your job and try to do your own thing on the side. I'm not sure how some people do ...
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