My first investment property... :O)

[HoldAndBuy]

(ignore my post, I misunderstood what PropManager was saying–I don’t know how to delete a post on this board)

@propertymanager post:20

If I manage it myself, I will pay myself that money... In my area PM charges between $80 and $100 per SFR. I figured that money in my cash flow - as if I was being paid to manage the property myself... I hope this makes sense.

In addition, I am planning to do the maintenance work myself - considering how close the property is to my work I believe I will be able to handle most of the maintenance myself. This should account for an additional cash flow. I will pay myself to be the handyman…

You’re confusing two things here: cash flow and job income. Without ever going through the hassle of owning rentals and dealing with all the headaches, you could go get a job as a property manager and maintenance man and make as much as you will with your rental. So, why buy the rental to start with? If you’re going to own the rental, your BUSINESS should be making money - that’s the cash flow and it should be independent of the actual labor you’re doing.

Good Luck,

Mike