All Forum Posts by: Cristin Andrews

Thank you for your response. I can’t sell this house for another year as my nest won’t be empty until then. Once it is empty, I was operating under the thought that it wouldn’t make sense to sell a paid off property that I could get maximum cash flow from only to buy a different one incurring additional closing costs etc. Is this faulty thinking?

Complete beginner here looking for some advice. I’m about to be an empty nester and in one year plan to move to an apartment and turn my 4 bedroom Houston home into a rental. I’m also thinking of investing in Turnkey properties. I like the passiveness of TK and have no interest in doing the searching, renovating, leasing or maintaining work myself.

I just recently transferred a huge chunk of savings to pay off my house (before I considered I might do turnkey). Rental estimate is 1750 so I think that would be about ~800 monthly cash flow.

Would it be better for me just to wait another 8 months or so to save for the first TK down payment ? Or should I look into a home equity loan for this type of deal now. I have excellent credit, excellent job and no debt. My ultimate goal is extra cash flow for early semi-retirement in 6 years as most of my other investment is tied up in 401k and I wont be able to withdraw from that for 10 more years without penalty. So a SDIRA won’t work either.

Thanks in advance for any advice.