07-08-2019, 10:27 AM
Come up with 3%? I planned on coming up with 20% to avoid borrowing money/paying interest on the money I already have. Don't see why a bank wouldn't give me a loan with such a big down payment plus a good credit history of nearly 800. Am I wrong, and they'll just look at my age and say hell no?
As for the AC bill and misc. maintenance, yeah that sucks. But also, that will mean 0 profit this year, but hopefully no similar cost for the next 10 years. Just like the market, I don't see why you should discount an entire investment for one bad year if the rest of the years make up for that loss.
I have a property to manage here in Ashburn, the one we moved out of and are now renting out to tenants.
What do you mean by a good rental contract and umbrella policy?
I think it might be unwise to think the market will keep going in the same direction it has been post-2008. So I'm curious to watch it over this next year.
As for the AC bill and misc. maintenance, yeah that sucks. But also, that will mean 0 profit this year, but hopefully no similar cost for the next 10 years. Just like the market, I don't see why you should discount an entire investment for one bad year if the rest of the years make up for that loss.
I have a property to manage here in Ashburn, the one we moved out of and are now renting out to tenants.
What do you mean by a good rental contract and umbrella policy?
I think it might be unwise to think the market will keep going in the same direction it has been post-2008. So I'm curious to watch it over this next year.
Current:
13' E92 M3 Comp | 05' Yahama R6 | 95' E36 M3
Past:
14' BMW 335xi GT | 06' Porsche Boxster S | 15' Jeep Grand Cherokee | 84' BMW 733i | 85' Honda Shadow VT700 | 06' Acura TL