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Updated about 4 years ago on . Most recent reply

Melina Victoria W.'s profile image
Melina Victoria W.'s profile image
Melina Victoria W.
  • Rental Property Investor
  • Member since Jan 6, 2021
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Melina Victoria W.'s profile image
Melina Victoria W.'s profile image
Melina Victoria W.
  • Rental Property Investor
  • Member since Jan 6, 2021
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Melina Victoria W.
  • Rental Property Investor
2
Votes |
9
Posts
Private Lending & Conventional Mortgage Advice

Sitting on a home that’s paid in full but i’m not cash rich

Melina Victoria W.
  • Rental Property Investor
Posted

I’m sitting on a home I inherited thats worth $609k and I’m looking for an investment property in Montgomery, Alabama. If you were me, what would your first step be? Keep in mind my income right now is only 40k a year and my credit score is 735.

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Greg Parker's profile image
Greg Parker's profile image
Greg Parker
  • Realtor, Contractor, Property Manager
  • from Montgomery AL and Dauphin Island, AL
  • Member since Jul 3, 2017
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Greg Parker's profile image
Greg Parker's profile image
Greg Parker
  • Realtor, Contractor, Property Manager
  • from Montgomery AL and Dauphin Island, AL
  • Member since Jul 3, 2017
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Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
514
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609
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Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
Replied

Sell it.  Buy 6 rentals here.  Then you can be making another 40k yearly in rental income.

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