All Forum Posts by: Andrew Hawkins

@Brent Coombs the title was able to get some great input from everyone. I'm not really stuck in the stuck. Im in our second home, we sold the first house we had and moved into this larger house, I used the equity to pay 10 months worth of mortgage payments when we closed in mid-October.

Thanks for the sound advice, everyone

Sam, I will. I was not about to make that purchase, nust using as an example of what I have found locally. I will save my cash and gather all the info I can before making a purchase

We (wife + 3 small boys) are going to invest into a duplex property as a first investment property by the end of year and would like to get a little advice. We just purchased our new primary home (VA Loan) at $435k 2800sq ft, we owe $420k right now and the next payment is not until Aug 1, 2017 and I could sell it for around $470-480k now. We have no other debt. We have about $16k in savings, $17k in a roth IRA and I have a truck I can sell for about $22k once my work purchases my new vehicle (within about 2 weeks) which I can use as a personal vehicle. We live in Central California and what I have found for properties so far, as far as duplex's which are 1be/1ba, are $250k and rent for $700/each unit, a rehab may only gain about $100 extra a month based on the neighborhood. I currently have a sales job so I can generate good sized commissions within about 6 months to a year time frame. My questions are, should I sell my truck when able and look for an off market duplex now since everything on the MLS is priced so high? Or should I try to pay down my primary home loan to the low $300k's (should take about 18months-24months to accomplish with help of selling my vehicle) and take out a home equity loan? Or just pay the minimum on my house, stock pile as much cash as possible to put 20% down and wait until the Fall when the prices of homes come down a little bit and collect as much detail and network as much as possible until then? Im open to any suggestions anyone may have.

 I was being facetious. Thats what id believe as well. 

Interesting. Maybe their wealth is so great they dont need this website any longer

 I agree did anyone actually go through the program?