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All Forum Posts by: Calvin Schofield

Calvin Schofield has started 1 posts and replied 3 times.

Post: What would you do in my shoes? 🤔

Calvin SchofieldPosted
  • Investor
  • Aubrey, TX
  • Posts 3
  • Votes 1

Thank you everyone who has replied! So much to learn and consider here. 
The goal is to close by the end of December on a property especially since December and April tends to be the time where there is more shuffling around. And @Christopher Nehren you’re right rates are rising fast which means more money spent. 

Where is the balance? Most decent deals I’m seeing are barely breaking even for monthly cash flow after i move out and are still being sold over asking price. 


thanks

Post: What would you do in my shoes? 🤔

Calvin SchofieldPosted
  • Investor
  • Aubrey, TX
  • Posts 3
  • Votes 1

Great thoughts and replies so far thank you!

I would love to get as many opinions as I can! I'm all ears!

Post: What would you do in my shoes? 🤔

Calvin SchofieldPosted
  • Investor
  • Aubrey, TX
  • Posts 3
  • Votes 1

Okay yall! What would you do in my shoes? I want lots of opinions and reasons why! Let’s get a discussion going.

I’m 23 years old and married, and we have worked extremely hard saving over the last couple of years. I’ve been reading books and listening to bigger pockets like a mad man. I’m so hooked on real estate. We’ve been blessed to have put aside about 80k for rental property investing. I’ve walked through a few homes with my realtor and have put in one offer. I look ever morning on Zillow, realtor.com and at listings I’m sent and run the numbers.

We are in the Utah county market and my wife and I are hoping to house hack at least the next 3 years as we finish up school. We expect to continue saving at the rate we are and have 80k each year to re invest into real estate. Typical rent for single room is $500 and for families anywhere between $1100 and $1800 depending on rooms and bathrooms and whatnot.

Where do you put your money? How frequently are you buying a home? How are you buying properties at 80% market value?

I’d love to hear your thoughts and plans in this scenario! Comment below please. I am all ears there’s still so much to learn and this is a great place to learn from all of you. Thank you!!