Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago,
Looking for coach / RE buddy. I have alot of equity and looking to trade up
Need advice how how to use my equity
Hey my name is Jordan. I have rented and remodeled myself for awhile now. I am located in Scottabluff (western) Nebraska. That is near cheyenne and fort collins. To this point I have made my own money, I am not an inheritance guy. I.am asking for quality help and advice maybe a voach.
I have 300 to 340 grand of true equity (Remodel on a property nearly complete). One is a 2 bed 1 bath worth around 100k the other is a very good location 3 bed 2 bath worth around 220k. I own both free and clear. The tenant in the 2 bed is very good. I stay in the 3 bed until remodel is done. The return on the money i have in the place is 12 percent profit. I have living arrangements covered so I can rent out the 3 bed when I'm done. I think the return on the 3 bed will also be about 12 percent on the money I have in the home.
I am looking for advice maybe a real estate coach to help me turn my equity into more. Maybe get an apartment complex? I REALLY WOULD APPRECIATE EXPERIENCED HIGH QUALITY ADVICE.
My goal is to have more then 5000$ a month in passive profit as soon as possible. That is a retrievable amout to me but I do not plan on quitting my job. I am 31
How do the loans work out? The math? What kind of investment am I looking for? Should I just hold what I have and buy more? Also I could use a realtor willing to work cheaper then the others. (If you work at a lower rate and sell the house, bit they don't you make more then them right?)
I am happy to reach out and provide my phone number or Facebook orcoach.
I owe 10 grand on the 2 bed I forgot.