Live & Flip

No Third Rental Yet

I was unable to refi on my third rental.  I needed another 13k in liquid assets in order to make this happen.  To be honest, I'm not entirely disapointed.  What started out as a good deal has really turned into a sour one.  Mostly due to the amount I would have to bring to closing.  Originally it was just closing costs.  Then fannie mae dropped refi from 80% to 75% and during the long delay to refi the house dropped 10k in value.  Mostly due to investor interest and flippers in my rental area.  ...

Lots going on

I'm failing a bit at my goal for one blog post a week.  I really just need to set time aside each week.  Lately my time management has not been great.  SO I have to resort to an  update again.My rental is still vacant, but I have a section 8 tenant that is approved and nearly ready to move in.  This is a little property and my new property manager handles plenty of sec 8 tenants.Speaking of property manager, they have taken quite a headache and time sink off my shoulders already.  I estimate I s...