Comments on: Philadelphia Investment Update #6 – Closing Day

By: 5 Big Myths About Owning A Rental Property | Growing Money

5 Big Myths About Owning A Rental Property | Growing Money — Tue, 12 Jan 2010 23:11:54 +0000

[...] Many people think that it is easy to become a landlord – you know, you buy a property, collect rent every month and enjoy the income. The popular belief is that once you buy a property and rent it out, you are all set for the next 30 years or so. At least that’s what I was told before I bought my rental property in Philadelphia. [...]

By: 10 Lessons Learned As A LandLord | Growing Money

10 Lessons Learned As A LandLord | Growing Money — Sun, 10 Jan 2010 15:57:12 +0000

[...] a landlord can be fun but it can also be tough. Since the purchased of my first rental property in 2005, I have dealt with tenants who pay on time and tenants who didn’t pay, and problems that were [...]

By: 5 Big Myths About Owning A Rental Property | Growing Money

5 Big Myths About Owning A Rental Property | Growing Money — Fri, 10 Apr 2009 03:17:21 +0000

By: 10 Lessons Learned As A LandLord | Growing Money

10 Lessons Learned As A LandLord | Growing Money — Tue, 23 Dec 2008 05:01:26 +0000

[...] a landlord can be fun but it can also be tough. Since the purchased of my first rental property in 2005, I have dealt with tenants who pay on time and tenants who didn’t pay. I have dealt with [...]

By: Weekend Links Roundup | Growing Money

Weekend Links Roundup | Growing Money — Tue, 04 Nov 2008 23:54:36 +0000

[...] engineer, business analyst, stocks trader, entrepreneur, financial blogger, salesperson, mentor, landlord, and a natural medicine researcher at the same [...]

By: Florian

Florian — Mon, 29 Jan 2007 02:42:16 +0000

Hi,
I found your blog via google by accident and have to admit that youve a really interesting blog
Just saved your feed in my reader, have a nice day

By: Smarty

Smarty — Mon, 31 Oct 2005 17:20:00 +0000

The mortgage is a 30-year fixed loan at 5.75%.

The appreciation has been very well in the past two years but it’s slowing down now.

I’m planning to hold the house long-term so I’m not worry about capital appreciation. My primary focus is to generate rental income and have the mortgage payments covered.

By: Belasarius

Belasarius — Mon, 31 Oct 2005 16:24:00 +0000

Hi,

What are the terms of your mortgage? 5.75% is good, is it fixed, if it floats, what’s it pegged too?

What are the appreciation potentials for property in that area?

Good luck, and you were smart to get a good manager. I had a very good result with one myself.

By: Jonathan

Jonathan — Sun, 30 Oct 2005 10:04:00 +0000

I invest in RE vicariously through you and other RE bloggers =), so I love updates. Keep it up!

By: pfadvice

pfadvice — Wed, 05 Oct 2005 04:20:00 +0000

I too wish you well in your adventure. As you will find out, there are a lot of hidden costs that come with property management, and a $100 profit on paper between rent and your cost is probably going to put the house into a negative cashflow for awhile.

If nothing else it will be a learning experience for you. Hopefully appreaciation will help offset some of those costs and you’ll come out well ahead in the end.

Keep us up to date on this. It will make for an interesting case study to follow.