All Forum Posts by: Armando Carrera

Hi everyone,

Have any of you had experience, positive or negative, with purchasing investment homes in a group? Was it difficult to get financing? Etc

Any advice, tips would be helpful before going on this possible venture.

Thank you!

Hello, 

Wife and I are needing some advice. We own a plot of land outside the city limits. We have building approval but I am still not pulling the trigger to start building. We have a home that's worth $375k and we owe 12 years/ $145k. We have $150k in savings. Should we refi the home and pull out the $125k In equity to build our dream home or should I consider purchasing another investment property with our savings (no refinancing)?

Any feedback or advice would be greatly appreciated.