All Forum Posts by: Branden Wintermyer

@Josh Stout Sounds good! Thanks for the offer. I’ll take you up on that in the new year.

@Josh Stout Thanks for the information. This has been very helpful!

As a novice in wholesaling, I'd appreciate your insights on the essential questions to ask potential sellers before scheduling property assessments. I want to ensure a focused approach, avoiding time wastage for both myself and the sellers. What questions do you recommend me asking to optimize my efforts once I get a potential prospect on the phone?

@Evan Polaski Thank You for replying. Yes, I should of mention I think the savings would be 5k for the life of the loan not per year. My interest is 6.73%. I will look to scale buy trying to soon acquire another property. 

Thanks again,

Branden

@Account Closed Thank you! I will look into that HELOC asap. Have a good day!

@Zachary Ware Thanks for the input. I totally forgot about Fiverr. I used it before for voice-overs but never for websites. Thanks!

Hi BiggerPockets! I wanted to create a website for my Real Estate business. What is the most affordable way to obtain a web domain and create a nice informative website?

Thanks in advance!

Branden

@Scott E. Thanks for your input! That's exactly what I was thinking. I was considering using the HELOC for the renovations of the new property as well, assuming it would need some minor renovations.

As a novice investor, I am contemplating my next strategic moves in the realm of investment. Let me outline my current situation for you: I am the owner of a sole rental property I purchased in 2014 at the age of 24. The property currently hovers around breaking even or slightly negative cash flows, which never bothered me because the tenants cover my mortgage. I’m partial to the property for a few reasons: it previously served as my first and primary residence, it consists of a mobile home resting on a 10-acre parcel of land, and my family has recently acquired the adjoining 40 acres that bounds my land in New Cumberland, PA. I never plan to sell this property for these reasons and could potentially build a house there in the future. I just don’t want to build now because of the revenue stream.

In light of this backdrop, given my available funds, would it be wise to pay off the remaining $30k mortgage? Which would be a potential savings of approximately $5k in interest but also will shift the property's financial trajectory toward a positive cash flow scenario.

As an alternative, would you use these funds to procure an additional property that cash flows to start growing my personal portfolio which is my goal. I could also look at raising my tenant’s rent which is currently $650 / month (for a decent single wide, one-bedroom mobile home).

Let me know your thoughts or DM me if you have anymore questions.

Thanks!

Branden

@Bill Schrimpf 

Thanks for the information! I appreciate it!