First-Time Home Buyer Quotes

“Gross rental income (including utilities fee) –  Mortgage payment (including principal, interest, taxes, and insurance) – Cost of utilities –  Vacancy allowance (10 percent of gross rents) –  Maintenance and CapEx (estimated at 1 percent of the property’s value, divided by 12 for monthly cost) –  Property management (10 percent of gross rents) Cash flow”
― Scott Trench, First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes

“These four make up the holy quartet of home expenses: mortgage, maintenance, CapEx, and utilities.”
― Scott Trench, First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes

“On average, property management will cost about 10 percent of gross rental income.”
― Scott Trench, First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes

“A home in a fast-growing city, next to a popular park and high-end grocery stores, in a great school district, that is also the worst home on its block is likely to experience a wonderful appreciation rate.”
― Scott Trench, First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes