All Forum Posts by: Dan Griebling

@Brian Ellis I have anywhere from 70-80% equity in my duplex. I appreciate the thought and have had the same one. I am working with a realtor to get a market comparison. Depending on where he comes in I may consider a HELOC or selling outright. Great thoughts!

@Account Closed Thank you, great comments.

Thank you all. Christopher, I like your idea and something I had considered. I think pursuing a license may incorporate the best of all worlds - learning, doing, and possibly additional revenue through which I can accelerate my next big downpayment. Thank you!

All my life I have created success by outworking the next guy. That has served me in athletics, the military, school, and the traditional work place. Right now, I am aggressively paying off all my debt (mostly some student loans) and then immediately rolling that cash into rentals. I will be debt free December 2020. After that, I will have 4k+ in cash flow per month to invest. I currently own a duplex which basically breaks even on cash flow but which I had instant equity in (not a bad deal but before I knew what I know now). Here is my question. How do I best spend my time as I pay off debt? I have thought about working in my spare time as a handyman or even managing rentals. Both could create cash flow and help me learn the market and get to know folks. Alternatively, I have thought about doing nothing but immersing myself in learning for the next year and a half. I thought about getting a realtors license (mostly so I can see MLS listings) and I have even considered looking at hard money loans IF the numbers work --- but with their rates, I simply don't see anything that makes sense on paper. So, again, any advice on the BEST way to spend my time as I pay off debt and save up my down payment for my next investment? Working, learning, networking, other? Thanks for taking the time to think about this, I appreciate any thoughts any one has.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Moscow.

Purchase price: $199,000
Cash invested: $3,000

Purchased for 199k July 2017. Current estimated market value 240k. Minor capital outlays, lots of sweat equity.

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

Instant equity. House was listed as single family but it was a duplex, I believe this is the primary reason we purchased under market value.

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

Traditional...realtor.

How did you finance this deal?

Traditional 30 year mortgage.

How did you add value to the deal?

Landscaping, paint, light fixtures, lots of minor cosmetics.