http://blog.cailloux.com/2010/03/08/rental-real-estate-becoming-nobodys-game/ Wed, 10 Mar 2010 14:16:43 +0000 hourly 1 http://wordpress.com/ http://blog.cailloux.com/2010/03/08/rental-real-estate-becoming-nobodys-game/#comment-10 Jason Morley-Nikfar Wed, 10 Mar 2010 14:16:43 +0000 http://tcailloux.wordpress.com/?p=71#comment-10 We are living this now. Our rental income barely covers the first mortgage. With the property management, landscaping, pest control and maintenance expenses, we net just over half our monthly mortgage payment. Major suck. We are living this now. Our rental income barely covers the first mortgage. With the property management, landscaping, pest control and maintenance expenses, we net just over half our monthly mortgage payment. Major suck.

]]> http://blog.cailloux.com/2010/03/08/rental-real-estate-becoming-nobodys-game/#comment-8 Tim Cailloux Mon, 08 Mar 2010 19:01:29 +0000 http://tcailloux.wordpress.com/?p=71#comment-8 I was asked elsewhere why not just model the business to buy, renovate, and sell houses if they can't be profitably rented. The reason? Banks don't want to give real estate investment loans for residential property "flipping." If I know I can't get a bank loan for a rehab-and-sell business, I wanted to see if I could develop a profitable rental business model. I was asked elsewhere why not just model the business to buy, renovate, and sell houses if they can’t be profitably rented. The reason? Banks don’t want to give real estate investment loans for residential property “flipping.” If I know I can’t get a bank loan for a rehab-and-sell business, I wanted to see if I could develop a profitable rental business model.

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