Quote:
Originally Posted by MNViking
Joe, thanks for that insight. Question, knowing the pains that you mentioned, are you saying you would not have done the same thing again?
You would have waited the 6 years?
What would you have done in the meantime?
Looking back, what would have to wait the 6 years gotten you in terms of improvements, cost of homes, locations or is it simply just less headaches? (Which I am not discounting, as it is a pain in the but having another place, but you knew that going into it.). The Sprinkler head is a problem, hope the neighbor helped and was neighborly!
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We had homes in TV from 2010 to 2018 before one came down seasonal (4month) we hired a great home watch (retired LEO) if there was a problem it was taken care immediately. You will find some just have difficulty dealing with problems on the home they live in.
. Many like us have zero issues managing long distance. Finding great tenants, having a great home watch is the key. We only rented long term so no empty house, no furniture, no WiFi, TV, electric or gas bills. If we came to visit we either rented for a few weeks, or stayed in one of other TV homes
We always take the largest mortgage amount, with the smallest down (no points). Then after 60 days paid 50% principal payment. That 6-7% interest money drops in half. Leaving enough interest for the rental write off. Our financial guy alway guided us on how much principal to pay, still keeping liquid money for an issue, yet dropping those high interest amounts to our benefit
Some just can’t have debt, and would rather be cash poor, and no mortgage. Our investments always have made more money than any interest payment