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And then do what exactly with that money? Thing is I am emotionally attached and obsessed with Irvine - so if I sell and move out now - I am not sure if I will be able to scoop up a 1600 Sq ft attached tri level condo in there again for 550k in next 5 years

Really ? Is Atlanta worth it? Let me start my research on what I can scoop up for a break even or a positive cash flow rental investment there - any insights will be highly appreciated

At 5% selling costs on a 550k purchase price = $27,500 will be lost in that alone. I am not sure if same portola spring - willow condos are being sold for 600k now Goal is to keep raising rent every year - $100/year is what most manage to and Then eventually bleeding will reduce in next 2-3 years

Thanks - your argument makes sense. My condo has been rented out for more than a year - so I have the option of lender consider 75% of rental amount I get. But you are saying for a second condo investment - lender isn?t going to consider it? I have been getting rents for 15 months now. I can...

Nope, there ain't any free lunches or free Popsicle in this world, i do side-businesses which are not on my name yet, so technically have to get my payout somehow.

Good Insights, i don't see any major appreciation in my tri-level monstrosity (attached condo) that i bought in PS in early 2016 for the next 6-8 years. Ofcourse, SFR always have way more potential to appreciate than a condo ever will. But again,i didn't want to pool in all my dollars in one...

Again house and condo's are a different ball game. For example, a 1M house with $4500 mortgage will not fetch you $4500/mo rent whereas a 600k condo with $3300 mortgage (inclusive of everything) can fetch a rent of 2900-3k, ofcourse you still loose like the way i am, but much better than...

Guys, as some of the members already know me here, i bought a tri-level attached condo in Portola springs (winter 2016) and i am under negative cash flow of around 5-6 k/year despite renting it out.  :-[ :-[ Now, i am all the way on east-coast in Manhattan area and have been looking to invest...

LMAO, stuff like this Cracks me up  :D :D :D :D :D ;D ;D ;D , FYI: People do walk-jog and it doesn't always have to be in your own neighborhood where you have paid the HOA for cleaner streets lol, and its funny how everyone's ok running on a treadmill at LA Fitness but apparently has all the...

Thank you, will try All State this year to save $300

Is plan 3 the 1614 sq. ft (which is mine)? Luckily, i am little shielded from 133 due to building in front of me. On my last visit there, at sales office, everything was sold out.

This is what KBHOME SOLD ME: $1K Deductible is $594.15  OR  $2500 Deductible is $561.15 I opted for $1k Deductible. Please note that mine is a Rental - earlier i was offered the same policy for $426 but due to tenants, it goes up-to $594 Here's what i purchased: 1. Dwelling Coverage Max...

Lol, not until 2021

So is it a no-way out or do i have an option to buy EQ coverage? For how much?

So an year has gone by, where's the so called recession?

A quick google analysis indicates me that people are trying to sell their condo's in my street and so far have NOT been successful, so i guess i might have to stick around with it

3 months rent in advance? Are you kidding me? This is not a third world country where it is a norm to ask for 3-6 months of advance rent, good for you that you got it. All my agent did was : put it up in MLS, did multiple showings, secured the contract - security deposit of 1 month - as a...

No, i went on with their face value and blindly trusted them, hence got burnt out, so its lesson learnt in my rental 101 now lol

Right now don't have the bandwidth to do 1031 or search for newer investments, quick google tells me that people in my area who were recent buyers failed to sell off theirs for any profit, so i will hold on to it, perhaps live in it eventually for 2 years & tax defer the 500k atleast. That's...

Principal amount paid by tenant? I call that as rental income which will be declared in my taxes, how does that gain me any benefit? All i know is that the interest i am paying in mortgage is tax deductible.