All Forum Posts by: Amy Thompson

Good Afternoon!

My husband and I are finally taking the leap and building a rental (short term Airbnb or medium term, traveling nurses, etc) on our lower property.  We thought this would be a good start for our investing journey a we already own the land and he's a builder.
Curious what route might be best if we have alot of equity in our home?  We plan to turn it around once done and refi again to hopefully build another rental.  We were initially thinking cash out, but the closing costs and fees are high and we're not sure it doesn't make more sense doing a Heloc?  I know these have variable interest rates, but no closing costs, is that risky right now with the rising rates?  Still seems like we'd be paying less in the end if we refi again in a year though?  Is there another option I'm not thinking of?  
Appreciate any input! :)
Thanks,

Amy

Thanks, Bud!  I've become addicted to the BP podcasts for sure, lol, and have ordered a couple of books from the website as well.  Can't wait to learn more about investing! :)

 Hi Alex!

That's awesome!  Would be great to connect at some point as I would appreciate any input you might have in this area!

 Hi Kevin!

Thanks for reaching out!  I'm looking forward to making connections on here as well and would be happy to help with your VT search!  I'm with Berkshire Hathaway (Trombley & Day group) in Morrisville, or you can find me on FB and IG!  

Best of luck to you as well!

Amy

 Thank you, Julio!!  Looking forward to making connections and learning!

 Thank you, Andrew!  I'm excited to be a part of this community!

Hi Kathleen,

I'd love that, thanks so much for reaching out!  Let's try to connect soon! :)

Awesome, thanks for the welcome and suggestions Justin, I'll check them out!

Hi Everyone!

My name is Amy Thompson.  I'm a Realtor in Lamoille County Vermont and have been interested in investing for some time, but do not currently own any properties other than my own home.  I just discovered the Bigger Pockets forum about 6 weeks ago and now I'm totally addicted! Lol  

I'm really hoping to connect with folks on here to learn more and hopefully purchase my first investment property over the next year.

Excited to start this journey with all of you! :)