Recent content by BoldSlate

The feeling alone won’t answer it. I’d redo the numbers using the cash you will actually have after closing, moving costs and the first mortgage payment. Then subtract immediate repairs and leave furniture upgrades for later. If that still preserves an emergency fund you consider adequate, the...

When comparing net yield with alternatives, use the full cash invested as the denominator, including acquisition work and any immediate repairs. Purchase price alone can overstate the return.

The strongest evidence would be competing offers on similar units, but that information is rarely clear from public listing history. In its absence, same-building completed sales and the sequence of price cuts are better evidence than broad Austin commentary.

The residency point from coldbrew_felix is especially important. I’d ask for written answers to three separate questions: whether the buyer’s status creates any ownership or reporting issues, how income during ownership would be treated, and what happens on sale or death. Those are different...

Ask for the estimate to separate purchase costs, financing costs and recurring ownership costs. Otherwise items such as title work, recording charges connected with a loan, prepaid or adjusted property charges, insurance and entity administration can disappear into broad headings. Also ask which...

The surprising part was how quickly the advertised 8.2% became less convincing once I converted it into likely cash flow. This is a 4-bed coastal-style home in Phoenix at $1,115,000, with projected rent of $7,581 a month, or $90,972 a year. I can allow for vacancy and ordinary repairs, but...