Frequently Asked Questions About Investment Properties

Question: If I’m the landlord, doesn’t that mean I’d be responsible to repair broken things on the house?

Answer: Yes in many cases. Setting up the leases carefully can alleviate some of these challenges. But most investors I work with allot 10% of the rent for these expenses. FNMA defaults to 25% of the rents for expenses. If you’re collecting $2000/mo in rents, you’d have $500/mo for repairs, vacancies and all the other expenses.

Question: How many rentals can I finance?

Answer: 4 fin...

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January 31, 2017

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Josh Thomas NMLS #314438 | UT #5540196 | Corp NMLS #2727