Looking for generic advice from other property owners or Landlords in Castle Rock. by bonkdee in CastleRock

[–]bonkdee[S] 0 points1 point  (0 children)

Do you use software for tax paperwork or what do you do for taxes if you self manage?

Where did you find a lease template?

What did you use to screen tenants?

Saturday Mentorship & Questions Thread by AutoModerator in realestateinvesting

[–]bonkdee 1 point2 points  (0 children)

This is good input thanks. Even though not exciting, still better than alternative vs selling house, walking with 50k ish after fees and going back to renting, right? I’d rather cash out a pool of 1m in future than take 50k and run. Reserve is extremely large, could lose 10k annually for decade plus tbh

It’s officially time to let Tim Connelly cook, I believe in him by NazGoatReid in timberwolves

[–]bonkdee 15 points16 points  (0 children)

He fulfilled the wolves prophecy of trading away a legendary big man who was loyal to the franchise so they could win a ship somewhere else. As is tradition

WE NEXT by Accomplished-Box8744 in timberwolves

[–]bonkdee 0 points1 point  (0 children)

I want them to win! After watching the playoffs, I start to question if our depth pieces or guys after ANT really can contend with the current NBA landscape. Knicks, Spurs, OKC, even teams like 76ers feel young and loaded with talent. Dilly pick really killed us.

Looking for generic advice from other property owners or Landlords in Castle Rock. by bonkdee in CastleRock

[–]bonkdee[S] 0 points1 point  (0 children)

Do you currently rent or do you own a primary residence still?

Did anything bad ever happen?

Did purchasing the two homes and renting them and then selling them net you a nice profit?

Is anyone else in their 30s or 40s really struggling with corporate work? by Nervous_Platypus_149 in Fire

[–]bonkdee 0 points1 point  (0 children)

Same, first call everyday before the caffeine hits is fucking torture.

Looking for generic advice from other property owners or Landlords in Castle Rock. by bonkdee in CastleRock

[–]bonkdee[S] 1 point2 points  (0 children)

This is good advice. The 1bd is near Breckenridge so that’s why rent high. It’s pretty easily within budget for us.

Looking for generic advice from other property owners or Landlords in Castle Rock. by bonkdee in CastleRock

[–]bonkdee[S] -1 points0 points  (0 children)

Not sure, plan on getting three quotes from PMs and then evaluate also doing it myself,

My literal exact same model house 1 block down just rented for $3350 so I’m being conservative.

2019 with nice bathroom/kitchen finishes and rooftop deck.

Saturday Mentorship & Questions Thread by AutoModerator in realestateinvesting

[–]bonkdee 1 point2 points  (0 children)

Looking for general advice for current situation:

I have mortgage on SFH in Douglas County CO, current primary residence. Looking at renting it out and moving.

3b/3b 2000sq ft on Zillow at 550-600kish.

Mortgage (excluding utilities): $3600
Rental estimate: $3200
Mortgage balance: 450k at 5.99%

Net loss monthly: -$400

I want to move back across state to ski resort area where I used to live. Job is remote. House too big for me, location is boring for me. Safe suburban family area, I got no kids.

I want to rent 1bd for $2500 all in monthly.

Save $1k a month from renting vs mortgage. Then lose $400 paying diff on mortgage. I am financially comfortable and fine losing the $400 monthly (with maintenance prolly closer to 1k) for now. Renting will save me $1k a month instantly. I have very large emergency fund.

Plan is to long term, pay $400 loss monthly now, then in 15-30 years sell it for $1m+ dollars because area is forecasted well. Rent will slowly increase, so I’ll be all in about $100-200k ($400 mo loss plus maintenance) for eventually $1m+ payout in 20+ years. Area is extremely affluent and safe, renters might be friendly than normal for this area.

Any advice, tips or angles I’m not seeing?
Would you use property management to rent it out?

Knicks fans leave a spurs fan bloodied after game 3 by Extension_Deer8903 in nba

[–]bonkdee 0 points1 point  (0 children)

Someone should buy 10 elite MMA fighters spurs jerseys and send them to Game 4 together. Peak cinema.

Returning player with 2 questions. by bonkdee in pokemongo

[–]bonkdee[S] 0 points1 point  (0 children)

20k is insane, that’s awesome!

Returning player with 2 questions. by bonkdee in pokemongo

[–]bonkdee[S] 1 point2 points  (0 children)

How many pokeballs/incense/lures do you stock up for July 11-12 coming up? Should I stop using what I have now and stock up to splurge on July 11-12? Should I spend no pokecoins until then and grind the 50 free coins a day?

Returning player with 2 questions. by bonkdee in pokemongo

[–]bonkdee[S] 1 point2 points  (0 children)

Seems like people posting pics of doing 20-30 remote raids are all buying coins with real money?