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All Forum Posts by: Blake Garcia

Blake Garcia has started 12 posts and replied 145 times.

Post: Is It Time For A BP Meet-up In The Memphis Area???

Blake GarciaPosted
  • Rental Property Investor
  • Big Sandy, TN
  • Posts 147
  • Votes 91

I will try to make it.

Post: Insurance on Rentals in Tennessee

Blake GarciaPosted
  • Rental Property Investor
  • Big Sandy, TN
  • Posts 147
  • Votes 91

Thanks for the info, my insurance has almost doubled in 2 years

Post: The big question

Blake GarciaPosted
  • Rental Property Investor
  • Big Sandy, TN
  • Posts 147
  • Votes 91

Thanks of the insight. I am going to check the availability into the credit line or otherwise just hold the cash for a deal.

Post: The big question

Blake GarciaPosted
  • Rental Property Investor
  • Big Sandy, TN
  • Posts 147
  • Votes 91

I currently have 2 rental properties with 14% return each of 30k value each with loans 7% 7 year with balloon. I have cash reserves saved up enough to pay 1 off. I am currently looking for a primary residence for myself of around 50k and more investment real estate. Would I be better served to use cash as down payment for new properties or pay off 1 property and get a line of credit or cash refinance that would be more than enough for down payment of new properties. I would like to aquire at least 2 more units within the next year.

Post: Is It Time For A BP Meet-up In The Memphis Area???

Blake GarciaPosted
  • Rental Property Investor
  • Big Sandy, TN
  • Posts 147
  • Votes 91

I am from Jackson tn area and would be interested in a meet up of some kind