All Forum Posts by: Artie Butcher

I'm getting ready to sell my first live in flip house in Portland, OR. When the sale finalizes, I want to take my equity (little over 100k) and start BRRRR investing in a new city. What are some real estate markets that would be good to get into? I'm thinking I might get good bang for my buck in Oklahoma City or somewhere in the Midwest where houses are cheap. Your input is greatly appreciated!

Thank you for the replies! After seeing the unanimous "no" on this feed, and doing more independent research I decided to take your advise and not do the deferment, and also to cancel my forbearance. When I called Wells Fargo they ensured me that the emergency COVID forbearance did not negatively effect my credit. So it looks like I dodged a bullet by not switching my forbearance over to deferment like my original plan was. I'm also very happy to say that I've been able to work a ton of overtime at my job, so I was able to get caught up on my mortgage AND keep my stocks. Win-Win:). Now that I'm back on track, I'm going to use my down time (I live in a city that's still locked down) to read my 5 Bigger Pockets books that just came in the mail. Cheers! and thanks again for all the good advise on my first post.

Hello Bigger Pockets! I'm a new member and first time poster. 
I'm 25 years old and have been living in my first home for a little over a year. My strategy is to 2 year live-in flip the house, and I've also been house-hacking (renting out a room). When the covid started popping off last month, I immediately put my mortgage into deferment with my loan provider. I'm still working my full time job with no changes to my paycheck, so my plan is to take the money I would be spending on my mortgage for 3 months and use it to invest in the stock market. On July 1st, I'll start paying my mortgage with the understanding that my 3 months of missed payments are pushed back to the end of the loan. Then in April of 2021, I'll sell my house and buy my next flipper with the equity from the sale AND my stock market gains.
My question is... is this a good idea? Is it a shady thing to do?. Are there any details that I overlooked or are there any reasons this idea won't work? I'm still very new at real estate so I'm unfamiliar with a lot of this type of stuff. Thank you for any input.