All Forum Posts by: Donald Sims

Good day Bigger pockets peeps. I have a good bit of equity in my current home (primary residence) and I’m thinking of refinancing and using those funds to possibly purchase another primary residence or investment property. I would rent the former primary residence out and then live in the new primary residence funded from the down payment of the  cash out refinance. Is this a good option? Anyone have any experience doing this? Love everyones posts and forums. Happy investing to all. 

Hello everyone. I’m currently looking to purchase my first investment property. I would prefer to do a single family home, for a steady consistent portfolio. The issue I’m encountering is the current market I’m in is brutal. Homes are on the market for 1 or 2 days at a time. There’s numerous offers above asking price for anything that’s in my criteria. Would love some guidance on how to go about getting in this market. Also my wife has her real estate license, does this help us as far as numbers? Look forward to your replies and thank you for taking the time to read this. Good luck to you all.