All Forum Posts by: Lori Nebel

@Joe Villeneuve.  Interesting.  I'm not at 100% equity.  Would want the cash out, if I sold.

@Jerel Ehlert, yes.  I'm very aware of my time frame.  That's why I'm here.  Looking to be intentional with lowering risk.

Hi Joe, what are you interested in buying?

Investment Info:

Single-family residence private money loan investment.

Purchase price: $115,000
Cash invested: $45,000

Condo on Banana River, end unit. Views of Sunrise and Sunset and rocket launches.

What made you interested in investing in this type of deal?

I was using funds from a 1031 exchange. It was the right price and the right rental potential.

How did you find this deal and how did you negotiate it?

I found this unit with a realtor after looking in the area for six years. The 1031 exchange "forced" a purchase. Yet after six years of looking, I walked in and new it was the place. It was a regular negotiation with the realtors.

How did you finance this deal?

Bank Loan

I have had fantastic tenants that make it all worthwhile.

@Whitney Hutten, by the way, my name changed because a friend of mine had purchased the account for me, but had her name on it.

@Joe Villeneuve.... haven't thought of this. Thank you!

@Whitney Hutten, I am in the accumulation phase. Thinking financial freedom, not dependant on anything else.

@Derek Dombeck, thank you! I've thought of this. Your comments give me direction.

Not sure why the word numb is in there. It's some kind of auto correct. :)

I am 60 years old. I am looking for ways to use My equity to create a greater cash flow. I have 3 rental properties right now. Two of those and my own personal residence have quite a bit of equity and numb and I want to leverage it well. I know the BRRRR method and I'm motivated in that direction. Yet I also know that I don't know what I don't know. Any thoughts and ideas are welcome.