All Forum Posts by: Austin Gleave

Buying a townhome for 140k

Putting 10k (more than likely less)

ARV will be right at 180k

With capital gains is this margin too small to do a flip on this property?

Just wanting some input on passive investments such as fundrise, yieldstreet, etc.

New to real estate and am wanting advice on a current property that I have rented. It was my primary residence before I rented it out. It currently rents for $1750/month with great tenants who just signed for 2 more years mortgage on property is $1692 so not much cash flow. I have around 40k in equity in property and am wondering if it would be smart to refinance property? I have looked around and can get a 4.25 30 yr fixed payment will then roughly be 1200/month closing costs will be around $6,200.

Just wanting some input on spec homes.

@Steve Shaffer thanks I will for sure be in touch! I’ll give you an idea on what I’m trying to achieve in life and would love as much advice and knowledge as I can gather.

I work full time in oilfield in North Dakota. I bought my first home at 20 which at 22 I started renting it out to a family great renters. Now I don’t have much cash flow with this property but I take said rent check and put it right at mortgage so essentially I have made double payments on this property for year and half. I’m just wanting advice if I’m doing right by this decision or if I should be investing in another property with this money? Or put in my personal retirement brokerage account? Just young and wanting opinions.