All Forum Posts by: Benjamin Couch

@Chad McMahan

This is exactly what I was looking for, thank you!

@Sofia Sharkey thank you, this is super helpful!!!

@Wale Lawal

I'm planning on doing a trailer on the side of a house that I would rent out, not many duplexes available in my area

@Jose Mancebo

Sounds like you would want to have the lower DP, then you can move more quickly into your next deal. This makes sense because cash flow is not the only way to make money here. Appreciation, loan pay down by tenants, and tax breaks are there too.

Regardless of how this one works out, I think the best part is that you have this experience to move forward with!

Congratulations on trying!

@Nicholas Gessner

This is super helpful, thank you!

@Caroline Gerardo

She will be a physical therapist, but we will be married before as there is 5 more years of school.

To clarify I am only considering after we get married, not before. 

BTW this is my first post!

I am 22 and have been saving up for my first property, I currently have 23k saved in cash and I am saving $2800 a month that I am adding to that total. I want to buy a single family property and live in a trailer on the side of the house while renting the house out. This would be paid for and only in my name, but I would have my girlfriend stay with me.

She has 35k in student loans and is about to incur even more. When we get married and eventually combine finances I am unsure of how to approach her debt pay down. Should I continue investing my savings? Should I dump all my extra cash into the debt? Should I not help at all?

@Jeff Davis

I am still a novice so keep that in mind, but it sounds like you need more specific criteria for your answer.

It may be beneficial to run a few simulations of what the repairs would be for places currently being listed. Look at the pictures and description then wright down everything that needs to be fixed.

Then take that info and google the estimated repair cost for each of your items. It may be a little low because we cant see everything that needs to be replaced in the photos, but it may give you a good starting place. I would recommend doing more than one or two simulations.