All Forum Posts by: Isaiah Cuellar

Good morning everyone, I was wondering, if I want a property paid off in three years, and I put 20% down, should I put as much as I can monthly (I can add an extra $4,000 per month) or, should I put the $4,000 each month into a 5.8% interest rate CD, and wait until I have enough to pay off the principal cash? Common sense tells me put the money in CD’s to build more and let the tenant pay off the mortgage until I can pay it cash, but a lender told me the best way would be to put the $4,000 per month straight into the principal… was that just him trying to make more off of interest from me? 

 Definitely! I’ve been hearing a lot about the future job growth.

 What are the most to least affordable cities? And thank you I’ll definitely keep looking 

I’d like to invest in Ohio after 5 years or so but where can I find the best cash flow in a landlord friendly state to invest in for now? I of course don’t have time to research every single market in the US so I figured I’d ask here, I’m from El Paso Texas and I’m willing to move anywhere in the country to house hack but in the cities I’ve looked at I barely pass breaking even if I’m lucky. I can put 20% down on a property up to $230k and I work a lot in different states so I need to invest somewhere in an A or B class neighborhood so I mitigate the risk of tenants causing problems, does anyone know where I can meet these goals? Of course I will hire a property manager

I'm 21, and after taxes and all expenses I have $55,000/ year I'm able to invest. I work everyday in different states and am home one week out of every 2 months. My goal now is to get a multifamily property no more than $250,000 and put 20%-30% down, get a property manager, and put an extra $4-$5k per month into the principal to pay off the mortgage in less than 3 years, but I don't know what state to invest in, I know Ohio is being looked at but I wouldn't have to time to see multiple properties in person and I'm not sure how to verify the operating expenses of different properties, required repairs, etc. I live in El Paso, Texas but there's not much potential for my goals here, what should I do? My end goal is to figure what property would get me the best ROI when the property is paid off after 3 years, but with the spreadsheets and calculators I've used I have no clue how to figure this out, and the agents and lenders I've spoken to don't know either.