Newbie from Washington State

[Evander Ochoa]

I'm 23 years old. I bought a townhouse in a booming area and has perfect location. The purchase was 109k about three years ago. I've done lots of fixing up and updating the house. The houses around me with nothing done to them are going for 200k. I was also fortunate enough to have my dad co-sign for the original purchase. I have since refinanced into my own name at 15 years with a 3.5% rate. I've always been told and under the impression that pay it off as fast as you can. Then I accidentally stumbled upon an article that changes everything in the way I think about real estate and investing in real estate is something I really want to do now. I figure I can make about 400 cash flow off my property if I were to rent it. I'm just lost on if I should move into a house I want to live in or something else. Also wondering if refinancing from 15 back to 30 years and increasing my cash flow would make sense. Thanks for your time. -Evander

[Dmitriy Fomichenko]

Welcome to BP community @Evander Ochoa  It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

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Wishing you the best!