4.8 • 1.7K Ratings
🗓️ 13 June 2025
⏱️ 32 minutes
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0:00.0 | Welcome to another episode of Rookie Reply. Today's show is packed with lessons from surprise tax hikes |
0:07.1 | that can eat into your cash flow to short-term rental refund disputes and also some title mix-ups |
0:14.1 | that could cause serious headaches during a sale. |
0:17.0 | We're covering three Rookie Invest investor scenarios that all highlight one thing. |
0:21.3 | Real estate is a long game. |
0:23.2 | And it pays to know what you're getting into before you close that deal. |
0:27.3 | Like, if you've ever second-guess your numbers, your title structure, or how to handle |
0:31.6 | guests demanding refunds, you'll want to stick around. |
0:39.4 | This is the Real Estate Rookie Podcast, and I'm Ashley Care. |
0:43.1 | And I'm Tony J. Robinson. |
0:44.9 | And with that, let's get into today's first question. |
0:48.2 | So the first question today comes from the Bigger Pockets forums. |
0:51.2 | It says, I bought an investment home in Goose Creek, South Carolina in April of |
0:55.7 | 2024. After analyzing all the numbers, it looked like I would make about 400 bucks per month |
1:01.5 | in cash flow, which I did for about a year until April 2025. Then my home was re-evaluated by the |
1:07.4 | county and assessed at $226,000, which previously, guys, it was at $13,600. |
1:13.6 | My taxes jumped from $900 a year to $3,495 per year. That's a crazy increase. |
1:21.6 | My new mortgage payment increased by $300 per month, leaving me with only $100 per month in cash flow, |
1:28.7 | and that's before CAPEX or vacancies. |
1:31.2 | I can't increase the rent since the tenant just signed at least through next July. |
1:35.2 | Should I sell now or what's the best way to calculate if I'll take a loss? |
1:39.8 | First, I've got to say that's a massive jump. |
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