All Forum Posts by: Brandon Johnson

Hello Jason & Joe, Thank you both for the great advice. My initial thoughts were to go to my credit union and refi my existing property which has about $70k in equity and roll the $27k in consumer debt into a new mortgage. I purposely laid out those numbers in my initial post to see if a professional investor would suggest I take that route and you did not. Is this strategy unthinkable ? I have begun to market some of my talents, so I can aggressively attack the debt. Thanks again for the great advice you both have given so far.

Hello All, I am looking forward to entering the world of real estate investing and I'm reaching out to the BP community for advice on how to work through a financial dilemma. I have plans on purchasing my first turnkey or near turnkey flip somewhere in the area of $100k. The home that I live in i have a mortgage balance of $155k at 4.5% on a 30 yr. fixed No 2nd mtg or other debt attached to property.I purchased at $216k comps in the area (zestimates) are running between $220k and $240k for identical structures. I need to pay off about $27k in personal debt (credit cards & personal loans). I have met and continue to meet all financial obligations (no late payments). I have an annual income of $65k - $70k per year. I would love to get started and would appreciate all positive input with helping me map the course. Thanks,