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All Forum Posts by: Alex Shaughnessy

Alex Shaughnessy has started 37 posts and replied 278 times.

Post: 25 year old's First Year of investing....$1.5m rentals acquired!

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

very inspiring for a newbie. thank you very much for the story

Post: How do you describe BiggerPockets to non-members?

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

I have described it as a never ending cycle of free information that some try to package together in thousands of dollars training programs and more.

Post: What type of emails do YOU want to receive from BiggerPockets?

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

emails from Allison and reminders for the webinar

Post: New Member from Denver, CO

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

Welcome, good luck.

Post: Loan paydown vs. Saving for down payment

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

@Brent Coombs dont fha loans have permanent PMI?

Post: Loan paydown vs. Saving for down payment

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

@Chris T. Definitely. Thanks. Im comfortable being leveraged. 

Im taking a HELOC out on my property now before i leave it but it wont be enough to pay cash for a poperty. However, in the situation you just described, if i did use it toward another property, would it make sense to put everything towards paying down the HELOC so i can use it again?

Post: San Diego

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

Hello everyone. I am from San Diego CA, looking to soak up any and all info I can. Currently, I would say I am most interested in buy and hold strategy. With San Diego being so expensive to break into, I am excited to find those likeminded from my town to learn from and offer whatever I can to the BP community.

Post: Loan paydown vs. Saving for down payment

Alex Shaughnessy
Posted
  • Real Estate Investor
  • Spring Valley, CA
  • Posts 287
  • Votes 98

Hello everyone. I am about to convert my primary residence to a rental. I believe it would cash flow $300 per month. My question is, with the extra money, and given I want to keep buying properties when I can, should I use the extra to pay down the loan or going towards another down payment for a new property? Thank you