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Has anyone heard of Steadily Landlord insurance?
Should capital gains be taxed as income?
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Can my family get 172 salaries if i die.
How much credit card debt do you have?
Has anyone heard of Steadily Landlord insurance?
Should capital gains be taxed as income?
Can my family get 172 salaries if i die.
How much credit card debt do you have?
Have you looked into costs? That fee plus annual maintenance costs generally may likely eat any profit over the mortgage. So really a question of whether the equity gains in OH will be larger than if you invested in Austin.
Subject Expert
33% cashflow isn’t a terrible number. Property manager will probably $200 to $250 per month, lawn / snow maintenance will probably be $100 a month, and if you set $300 to $400 per month for repairs, you’re still slightly positive. Now, a single month of vacancy kills your margins for the year, but if the appreciation continues, that might be ok to swallow. Of course, if your maintenance budget doesn’t get used, that helps, but you also will need to keep reserves for major replacements (roof, appliances, HVAC, etc).
How far is new state from old state, what’s your plan for screening tenants, doing maintenance work, etc
Ahh, I missed to mention. We are looking at Austin/Raleigh/Dallas and currently in Ohio. On the screening and maintenance, I was thinking of a property Mgr firm.
If you currently lived in Raleigh, would buy and rent out a house in Ohio?
I would not. It’s the other way for me..We are in Ohio currently and have a home.