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All Forum Posts by: Amy Ranae

Amy Ranae has started 44 posts and replied 196 times.

Post: To pay off student loans or put $$$ down on a rental

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

I like that plan @Devan Mcclish! I get nervous though every time I find a good one. Plus I've been outbid like 6 times so far this season. I keep trying but every time I lose the bid I feel like it's the universe telling me to wait. maybe not though. I'm always looking for them. 

Post: To pay off student loans or put $$$ down on a rental

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

Thanks friends. I like the both idea too. I'm currently living in a single family home so the buying duplex deal won't work here. I really appreciate your input!

Post: Has anyone ever flipped a dome home?

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

I found one. it's cheap and been on the market a while. It needs work but I can see a really cool flip happening and the comps (based on land and sq footage) look good. 

Post: To pay off student loans or put $$$ down on a rental

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

bills are under control and income is better than i've ever had in my life. Which is why it's a question of which. I could get the student loans done with in a 'relatively' short period of time and then have the $1000+ that I pay on them a month to work up another downpayment pretty quickly. OR I could make the minimum payments on them $200 and keep paying them for the rest of my life, but have that $1000/mo now to buy a rental. I think paying them off seems like a good idea but if that stretches longer and longer the few hundred I could make a mo on a rental starts to add up. I really appreciate your input!

Post: To pay off student loans or put $$$ down on a rental

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

Hello Friends! I'm a realtor working in the twin cities and I do a lot of good business. I got into real estate to pay off my student loans without really thinking too much about investing. However, the more I work with investors and listen to podcasts, the more I think I really need to get into this. I've got about 30k left on my student loans and about 18k saved up. What are your thoughts on just paying those stupid loans off over the next year-ish vs. buying a rental now and paying the loans off more slowly? 

I feel like I go back and forth a ton. I've made offers on a few properties but our market is pretty competitive at the moment and I don't want to bite off too much with my first one. 

Thanks for you input!

Post: Bigger pockets community Minnesota

Amy RanaePosted
  • Real Estate Broker
  • Maple Grove, MN
  • Posts 216
  • Votes 80

Hi Rashad, 

I'm a realtor in the twin cities and I work with a few investors. What neighborhoods are you looking for properties in? Flips or rentals? Let me know I can help you out!