All Forum Posts by: Isiah Ferguson

Thanks, love this story. I wish this could be me and my wife. blah blah LOL. Super congrats, I'm doing a similar BRRRR with a duplex I purchased cash in 2016 as well. I'm learning on the go and I know things with turn out great. I appreciate the inspiration.

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Originally posted by @Lee Fahy:

@Mike McKeown; thank you for the info, as with everything there's more to the story. I purchased my duplex cash about 1.5yrs ago and just sold my primary residence (closed December 8th). I'm couch surfing until I can close out a new multifamily. It's all above board.

Hey, what made you decide to pay cash instead of leveraging ?

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Super congrats, I know the feeling. I'm happy you made it through. Good luck the rest of the way.

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Has anyone ever enrolled in "Penn Foster career school" for the Home Remodeling and Repair Program ?

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Super congrats

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ARE THIS FAIR PRICE POINT FOR THIS LABOR ?

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GM. Question. From a legal standpoint what contract agreements do you make your contractor sign before he starts the rehab?

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Hey, BP. I recall some people being interested in the move ill make moving forward. With no judgement, I cashed out on a townhouse for my 3rd unit which will be a move in rental for maximum 24 months. Asking price 134k and PP 129K. The place was move in ready. 2bd, 2+bth, living room, great room with fireplace, upstairs loaf with very high ceiling, back patio, and garage. If I put 10k in ARV will be 155k-165k according to the current market. Also in a growing neighborhood. Schools district at a 6 rating. C+/B community, very quite and laid back. Not quite sure what I will do moving forward but as of now I have 3 units, 2 free and clear properties. I'm looking to get my business well organized as a whole and keep scaling from there.

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Originally posted by @Jennifer Slaughter:

@Isiah Ferguson, out of curiosity, if you buy a multi family property any reason you would want to buy cash as opposed to leveraging debt?

Thanks for the feedback. Ultimately, I want my portfolio leverage. As long as the numbers are right and I'm able to pull my initial cash back out asap. It's a good deal.

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Originally posted by @Ryan Evans:

There was just a great thread about this topic that made a good point that stuck with me...

If you own a property free and clear, you are effectively making 4% or whatever the current mortgage rate is. Simply because you aren't paying that interest on your cash/equity.

Beats a savings account for sure. But if you compare it to other properties that can net you 5%+ AND build equity then it's going to be a better use for your money. That's from a purely objective standpoint.

The comfort factor and higher cash flow on your current property is worth something, but leverage will ultimately build more long-term wealth.

I think you're making the right call!

Thank you for the feedback. I mention a few things. You think I'm making the right call specifically doing ?

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All Forum Posts by: Isiah Ferguson

Isiah Ferguson has started 64 posts and replied 313 times.

Post: Investa-Brothel the Odyssey

Post: Fourplex Purchase Questions and Analysis

Post: After 3 months of pure stress & anxiety...I got my 1st property!!

Post: Has anyone ever enrolled in "Penn Foster career school" for the H

Post: My BEST DEAL in 2017

Post: Help. I just to want to make sure this is right !!

Post: Rehab question before the work begin ??

Post: what should I do ??? any advice

Post: what should I do ??? any advice

Post: what should I do ??? any advice