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All Forum Posts by: Desmond Trice

Desmond Trice has started 2 posts and replied 5 times.

Post: Rentals

Desmond TricePosted
  • Midland, MI
  • Posts 5
  • Votes 1

Thank you Favia Vitan!

Post: Rentals

Desmond TricePosted
  • Midland, MI
  • Posts 5
  • Votes 1

Elizabeth Colegrove I would definitely consider living in the unit thanks for the advice!

Post: Rentals

Desmond TricePosted
  • Midland, MI
  • Posts 5
  • Votes 1
Thx Rob I'm going to look into that I'm just concerned that my debt to income ratio won't allow me to qualify for another loan the bank gave me a hard time getting the loan I have now. Fingers crossed.

Post: Next step

Desmond TricePosted
  • Midland, MI
  • Posts 5
  • Votes 1
I live in MI & I'm looking to accumulate a dozen or so rental properties however being new to the industry I'm seeking advice as to how to do it successfully. I outright own one single family standalone home that I'm currently renting for 800, it's valued between 70-80k. I just invested in another single family home that I'm currently living in. I have a conventional mortgage on the current property owing 32k, however I want a multi family next how should I go about obtaining another property without having to wait to pay off this current property? I have a full time job earning 2k a month from that as well. Please help.

Post: Rentals

Desmond TricePosted
  • Midland, MI
  • Posts 5
  • Votes 1

I live in MI & I'm looking to accumulate a dozen or so rental properties however being new to the industry I'm seeking advice as to how to do it successfully. I outright own one single family standalone home that I'm currently renting for 800, it's valued between 70-80k. I just invested in another single family home that I'm currently living in. I have a conventional mortgage on the current property owing 32k, however I want a multi family next how should I go about obtaining another property without having to wait to pay off this current property? I have a full time job earning 2k a month from that as well. Please help.