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PaperclipPerfector  6mo ago (text post)   3504 thread views

Small-Scale Question Sunday for May 12, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

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It would be foolish to give up that 3% rate. That is free money dude! What are the rental comps looking like. You're also locked in except for tax increases/insurance, the rent rise a lot over the next 30 years but the mortgage will be the same in 2045 as it is today! Tenants aren't that bad if you vet properly. Just self manage and tell the tenants you're just the property manager. Saves a lot of headaches.

This is Dallas, self-management is a bad idea unless you’re plugged into a network that pre-vets people and have a lot of free time.

Can you explain what makes Dallas such a different and difficult rental market from a self management perspective?

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