All Forum Posts by: Anthu Tam

Hi, I am a newbie to property investment who purchased a secondary home and a investment property using the same lender within  a few months timeframe. I see this effecting my credit score heavily. Is there a better option to obtain loan without effecting credit scores? Should i wait longer before i purchase a investment property like an year between each ? Or should i use a different approach without taking a loan ? 

Home price is $132k and I am planning to down 25%

For 30 years I am getting around 4.5 (P+I)  with a return of +$300/month

For 15 years I am getting around 4 %( P+I) with a return of +$50/month

For 10 years I am getting around 4% (P +I) with a return of -$219/month

I was planning to go with 15/10 years so I can make some money after the 10th or 15th year. Not sure if this a correct approach though.

Hi,

I am planning to purchase 2-3 homes within this year and next mostly investment and secondary homes. Is it better to get a home equity credit for 4% or better to go with investment loan on each property? All homes cost around 400k max

One thing I am still trying to learn is- if I should buy one property for $350k or buy 2 homes at 180k-200k each. 

Thanks, Ryan. I do see Durham as a nice neighborhood but considering schools, I wasn't sure. For an investment property to rent out - do you see Durham to be a better option ?

Thanks, Matt for your reply. I am a newbie to the NC market. I was thinking in the areas of RTP as it's easy to rent out the property but wasn't sure as the prices are already high. I will check out all the areas you shared.

Hi There, I am planning to get my 1st investment property in the RTP area. I did find Morrisville, Apex, Durham areas interesting  -  but I am looking for areas that are just getting started and have the potential to be the next Morrisville or apex.