All Forum Posts by: Cameron Rafford

Hey everybody,

Have always filed my taxes through turbo tax but with buying my first multi family this year, I’m thinking it would be a good idea to find a CPA. Is there anybody that you would recommend in the area? 

Thanks!

@Zander Kempf Interesting, I’ll have to look into that more. Thanks 

@Dmitriy Fomichenko thanks for the welcome! Always seem to have a BP podcast on while I’m driving nowadays

@Robin Hopkins thanks Robin, I’d love to hear more about private lending. A little skeptical being a new investor and tying up somebody else’s money but I need to do more research

@Zander Kempf cash out refinance is definitely on the table, just have to wait 210 days from purchase date I believe due to it being FHA. Love the idea of a 3 or 4 family for our next place. Thanks for the advice!

Thanks Mike! Set For Life is on my list! I was under the impression that the minimum down payment even as an owner occupied would be 15% so I’ll have to look into that.

Cheers!

Thanks Ben, good advice!

Hey everybody!

Brand new to the forum and also a brand new investor. Just bought my first buy and hold property in Dover, NH last September 2020 and really had no intention of continuing to invest beyond that. My girlfriend and I were looking to purchase our first home and buying a duplex seemed like a great way to offset our mortgage payment. As soon as we got settled in and got that first rent payment from our tenants, I really started to see the bigger picture with this buy and hold strategy. It took a little convincing but my girlfriend came around and she agreed this would be a good move for us going forward.Creating this cash flow every month would really push us in the direction of attaining the goal of financial freedom.

Fast forward to now and I've pretty much been splitting up all my time outside of work between fixing up our duplex and learning as much as I possibly can about REI. I know I still have a lot to learn but it also feels like that next property can't come soon enough.

We financed our current duplex with an FHA loan. As far as that next property goes, we don't really have enough capital at this point for a conventional loan with a 20% down payment and I'm wondering what our other options are as far as financing. I know there is hard money/private lending, but not sure it's the best move for us as new investors with little experience. We're also open to moving into what would be the next property as well as soon as the 1 year of residency is up for the FHA loan. Any tips for my next steps would be greatly appreciated!

Thanks!

Cam

Hey everybody!

Brand new to the forum and also a brand new investor. Just bought my first buy and hold property in Dover, NH last September 2020 and really had no intention of continuing to invest beyond that. My girlfriend and I were looking to purchase  our first home and buying a duplex seemed like a great way to offset our mortgage payment. As soon as we got settled in and got that first rent payment from our tenants, I really started to see the bigger picture with this buy and hold strategy. It took a little convincing but my girlfriend came around and she agreed this would be a good move for us going forward.Creating this cash flow every month would really push us in the direction of attaining the goal of financial freedom. 

Fast forward to now and I've pretty much been splitting up all my time outside of work between fixing up our duplex and learning as much as I possibly can about REI. I know I still have a lot to learn but it also feels like that next property can't come soon enough.

We financed our current duplex with an FHA loan. As far as that next property goes, we don't really have enough capital at this point for a conventional loan with a 20% down payment and I'm wondering what our other options are as far as financing. I know there is hard money/private lending, but not sure it's the best move for us as new investors with little experience. We're also open to moving into what would be the next property as well as soon as the 1 year of residency is up for the FHA loan. Any tips for my next steps would be greatly appreciated!

Thanks!

Cam