Quote:
Originally posted by zf0enix
I'm really interested to see how this thread goes. I recently bought 2 duplexes and am in the process of buying more single family homes. But, I'm figuring out I don't like landlording that much, just negotiating and making the deals.
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I have 1 property in Las Vegas and I live in NYC. I have a management company deal with it all. I get a check in the mail, I have costs to help offset my income and when something breaks I don't have to get woken up at 2am to have some pipes fixed.
The management company has a $200 limit of unauthorized fixit spending, anything more they have to call me for approval.
I like it this way, and when I have more properties, I'll set up my own management company to deal with it.
Back to the thread, I'm going to be meeting next week with my mortgage broker to find out just how much financing I can get for our next deal (my LV place I bought before I got married)
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