All Forum Posts by: Blake Hrabal

@Kai Van Leuven good post and alot of my own concerns. I'm pretty new to all this so I dont have indepth advice. However, point number 2,

I think that's something we all need to plan for regardless. Tons of work from home type jobs are becoming more and more available as well as the entrepreneurship era we are currently in. I foresee it only booming more as people begin to wake up and realize a regular day job isnt achieving financial freedom.

Technology is advancing at a more rapid rate than ever and so we need to expect that more and more buyers and renters will start popping up in more and more suburban / rural areas.

Me for example, I live in Colorado. I moved out of Denver to the western slope. I've been out here for 4 years and already have seems huge influx of people since then. These suburban and rural areas are going up because big city markets are forcing people out or by choice due to pricing increases or people can't handle the massive population increase on a personal level.

I live in Ridgway and am targeting the whole western slope for rental properties, one reason why is because of this. Other reasons being it's close to my primary residence and I know the area.

My 2 cents. 👊😙

@Cameron Lam Co grats to your successes and more to come! Stories like this are inspiring to beginners.

@Jeremy Taggart thanks Jeremy. This was helpful! 

@OP - I notice the estimates (and zestimates) are computed using algorithms in the website programming. I'd use it as a general guideline, sure - but not a set in stone number.  I believe any potential investment, you as the investor needs to do some good ol' math and figure it out yourself - don't let the website programmed algorithms guess what your mortgage rate will be.

I want to purchase my first rental investment property however before that I want to purchase my first home that my family can live in. How soon after purchasing a home will a loan company give out another loan to purchase another property? 

In a perfect scenario I would buy our first home to live in for a couple years or so, then buy our first rental investment property and rent it out. Eventually, turn the home we lived in, into a rental property and move into a different home; I figure that's how I get the ball rolling. From what I've been reading I'm starting to understand you can have more than 1 loan open at a time, I didn't know that before - so my question again is, how soon after buying your first home to live in, can you buy an investment rental property ontop of that? Does it simply depend on if I have the down payment? Or does it depend on what type of loans I'm getting, for example...if I have a 3.5% FHA loan on the home I bought, they might not give me another loan - however, if I purchased my first home with 20% down initially, I'd be set to get another loan.

Picking brains looking for some answers here, thank you. 

And it's 2020! I'm happy I finally got the courage to start posting my questions on BP and start communicating with folks. I've been reading these forums, listening to audiobooks n podcasts, educating myself on financial freedom for months and now I wanna focus on the next 10 yrs of my life and rlly change up my financial status.