All Forum Posts by: Account Closed

@Zachary LaJoye That's good to hear.  I've been interested in Zanesville for awhile, mainly because of the university and hospital that are located in a good part of town.  Also, New Albany, Ohio is drawing my attention.  Amazon is moving in there.  Lot's to consider...

Bueller.... Bueller... Bueller :)

Hello, Does anyone around Zanesville, Ohio have a good real estate agent or property manager? I’m looking to gain some knowledge on the area/market. Thanks!

Hello, I’m looking for feedback from anyone who has ever cashed out a 401k early to lock in that first deal or deals. My wife and I have around 100k in our 401k accounts and I’m considering pulling it out and taking the 10% penalty to lock in our first few deals. I do not want to borrow against it as our company is a bit shaky and I’m not confident our roles are 100% secure. We are 33 and 29 years old. Also, my wife and I are both 100% on board for getting into buy and hold. Should we even continue to put money into our 401k? Just looking for thoughts from all of you smart folks! :)

Ben Wilkins thank you!

Ben Wilkins That was exactly what I was looking for. To answer your question. I included taxes and insurance into the mortgage payment to arrive at the payment amount. I then subtracted that amount from the 850 and then subtracted 50% So, $850-$430 = $420 x 50% = $210. Am I interpreting that 50% rule incorrectly?

Great feedback! I appreciate your time and this will help me continue to evaluate deals. Thanks everyone.

Redgy Saint-Germain Would decreasing my down payment also decrease my monthly cash flow? Is there a good rule of thumb you use to decide how much oop to put down? Thanks!

Thanks! It’s enlightening to see how 1 under-estimate can derail an entire deal and make a house negative cash flow really quick... scary!!

Grant D. Wow! Is this because it’s not my primary residence? At my primary residence my home owners is $1100/year and that covers a much, much higher home value.