All Forum Posts by: Adam M.

@Chad C. I don't believe you know what you are talking about. A 4% mortgage on 100k costs ~$172k which does mean you are paying 72% more than the original amount. But if you were to take that money and earn even 5% for 30 years on it you would make $193k gross, netting you ~$21k. As long as you can earn higher returns then your cost of capital you should invest it.

Sounds good ha ha

Is there a mailing list?

@Matthew Lockwood I'd be open

@Bob Lachance I was saying I myself, have been attempting to get some work as a VA via Upwork w/ a PM to learn from.

Basic finance. If you can earn an return higher than cost of capital then you invest it. I get that there is some mental benefits to paying off your mortgage but you could be investing it and have someone else pay off your mortgage.

KC startup village.
http://www.kcstartupvillage.org/

@Jeffrey Leung @Amanda Lam @Adam London from KC area. There are a lot of great places especially in the suburbs. Johnson County is always a good option. Some of the best schools in the state are there and it is the wealthiest county in the state. Some neighborhoods to look into that are more towards KC are Brookside, Waldo, and near the Plaza. Cerner hires TONS of recent grads so they are obviously a good demo (I know half my B School friends work there). So anything near one of their campuses would likely be a solid candidate. Also look for neighborhoods that have google fiber. There is a whole tech scene around some of these neighborhoods now and that means high income tenants!!

@John Sherron A 3 property deal out of state for a newbie investor sounds like you are asking for trouble.

@Taylor Shapiro was thinking about it but why don't you try and get a 30 year conventional on it and pay off your investors.?You'd likely be able to cash out a decent amount of equity and hold onto a property you already know literally the in/outs of. No point in selling.