All Forum Posts by: Dillwyn Mathurin

@Eric Jones@Shawn Wilson I understand that you are trying to help Shawn however, @Greg H. does have a valid point.  Your plan has to many moving parts for such a novice investor, I would keep it simple for now and sell and purchase couple more inexpensive investments and get a higher return on your investment.  It is foolish to hope that the person buying your home in a rent to own scenario will give you back the home because they can't afford it.......

@Devon Morgan  You mentioned in your post about a credit repair personnel, in my opinion you can do anything a repair person can do without the added expense.  All you have to focus on is getting your payments caught up, pay your bills on time and and reduce the amount of debt you have to 10 percent of your available credit and you will see a dramatic improvement in your score. Use Credit Karma to track your credit.  Hope this helps

@Shawn Wilson Welcome to BP, I work in Round Rock but I live in a home in Austin. Round Rock is a great place to invest. It seems as though you have a great plan on how you want to invest. I am still saving up to buy my first SFR so I am being patient right now. Good luck and happy investing.

@Michael Lee Thanks for the advice and encouragement, I hope to meet you one day.  I am very new to the business and I am open to learning about all aspects of the business. 

I would like to thank everyone for the sincere welcome to BP. @Dmitriy Fomichenko Thank you for the tips on getting the most out of BP.  I look forward to making a deeper connection with all of you. 

I have been on BP for about a month, however, I didn't formally introduced myself so I am making it official. I live in Austin but I do want to invest in the Fort Hood area for buy and hold, because Austin and Round Rock is a market for flipping.

@Account Closed He is well versed in the Killeen, Harker Heights and Coppers Cove. He will not steer you wrong. 

Josh Caldwell I really like your strategy. Most investors on BP are focused on leverage, however, if you didn't have a mortgage you pay nothing on debt service and you end up building wealth much faster. I strongly feel debt free is the way to build wealth but I am slowly trying to dip my toe into the leverage pool to see if it will make a difference. Thanks for your great insight.

@Fred Hixson Thanks for the in depth explanation of the habits and cycles of the soldiers that live around the bases. I did make the decision to invest in the Fort Hood area because the numbers work well, better than Austin. I am so grateful for your insight. Can we meet up for lunch one day when I am up in your area.  Just want to pick your brain. Thanks again.

I know this post was written 9 months ago, however I had to chime in. It seems as though no one wants to use cap rates on SFH however cap rate will help you determine if you are paying a good price for a property. Appreciation is great but it is not always guaranteed. Remember you make your money on the buy not when you sell, that's the first rule in real estate.