Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

16
Posts
3
Votes
Cory Peters
  • Rental Property Investor
  • Charlotte, NC
3
Votes |
16
Posts

Advice for a beginning real estate investor

Cory Peters
  • Rental Property Investor
  • Charlotte, NC
Posted

I'm new to real estate investing and have a passion and interest in growing my knowledge. I currently own a single family property in Concord, NC. I'm stuck on whether I sell the property in search for a multi-family property or if I pull equity out to purchase my next property. The property is valued at $200,000 with a $130,000 mortgage. My monthly mortgage payment is $1000. My tenant is in her second lease with us, first a 12 month and once that ended signed a 18 month which ends May 2019. I'm collecting $1150/month rent. Any advice on what I should do, or where I can look for answers.    

Loading replies...