All Forum Posts by: DJ Dawson

Again, it goes back to your goals. If you are looking for cash flow, 30 yr might be the best option. If you are looking to put that money directly to debt pay down of that specific property, I would consider the 15 or 20 year. Personally, I like the flexibility of a 30 year. When times tighten up, you aren’t forced to pay the higher payment. When times are good, you have the ability to increase your principal. There are trade off to both. 

In my market and my experience, smoking hot deals aren’t being found. They are being created. I think establishing what type of investor you want to be would help you. As a buy and hold investor, a good deal is different from a good deal on a flip and vice versa. This holds true when comparing all styles of real estate investing. 

A few months isn’t exactly a good indicator on future moves. If I decided to base my future style on  the beginning few months of my first rental, I would have never bought another one. The tenant I inherited was a NIGHTMARE. Instead, I jumped into my first property with the mindset that I want to be a buy and hold investor no matter the ups and downs. I took every obstacle as a learning experience and continued on and made sure I didn’t make the same mistakes when putting in a new tenant. You will learn a ton by just committing and doing a deal. Never stop listening and learning. There will be different hurdles with every deal but experience will make the hurdles seem smaller. I wish you the best and would love to hear when you find your first deal!

Brad Jordan 

@Charlie Campanella

It will allow you to jump into real estate for one. You can't beat having experience. I'd say that a really big advantage to it all is just being able to establish equity now rather than later. If you start in 3 or 4 years, think of how ahead you could have gotten if you started earlier. 

Do you know what house hacking is?