Bernie From Pasco WA

[Bernie Avila]

Hello all,  my name is Bernie and I just wanted to introduce myself. Currently I have one rental and I owe 55k on it and it is worth 140k. 18 months ago we decided to buy a new house and with interest rates being what they were we pulled the trigger.   I have been renting it out our old house for 18 months now and have had very good luck with the renters. As far as I know they are staying there until May of 2015. I've had such good luck with our first rental that I'm considering  getting another one. I just don't know if I should pay off the first rental and then get another or should I just get another one? Our rental mortgage payment is $800 and we are renting it out for $1050 and what we have done is made the mortgage payments as usual and the rental check goes straight into savings. With interest rates getting lower again it a no lose situation. the rental market around here is very good and if I get another 2200 sq foot home I can get easily get $1650 for rent and the mortgage payment on the new house will be $990. What would you guys do? Im still fairly at this stuff so any input would be greatly appreciated. Thanks 

[Bernie Avila]

Thanks for all the helpful hints guys I really do appreciate it. I know that my eyes hurt now from reading so much information on this site. This is a great site and I'm glad Matt told me about it.  

Hey Matt it was nice talking to you too. Thanks for all of the info I also already signed up for smartmove that same day. I still have your number so for sure I will give you a call and we can meet up for lunch. Thanks again Matt. 

Hey Scott I have not read Ultimate Beginners Guide where can I find it? Also I will send you my email so that I can come to these meetings. Thanks