All Forum Posts by: John Fortes

Hi @Tyler Jahnke congratulations on taking the plunge with Morris Invest's. Did you ever get any pre and post pics of the property you purchased? Also, how has everything gone as far as tenants, property management, ect. Anything you can fill us in on? 

I can't provide the best answer but I could provide my opinion. First, I think its awesome that you have a plan. You have a direction, most people are just winging it. Its refreshing to see that you have a destination with a clearer path than most people. 

Personally, if your interested in the general cash flow of what the units could bring in, though $200 isn't much compared to what you described. You are also expanding your net worth with the ownership of the property or properties pending on how many you gobble up. Plus you could consider the tax benefits as well (I'm no CPA). You could look at it more as a net worth item than a cash flow item in your situation. 

@CJ Berina Sorry that my answer doesn't help but I couldn't help but laugh with the title (cash cow, I love it)... Go get em brother! I wish you well! 

Really great advice here. Thank you!

 I'm currently in the same boat and looking to get my first investment property so I'm making sure the numbers add up prior to making a deal. I've made sure I take emotion out of it and if a deal is not accepted then I'll move on. You have a good game plan, its just sticking to it. You see what happens to teams when they go stray from the game plan?

Keep it up fellow newbie. 

 This is a interesting concept that I may have to consider. Any pro's and con's to this?

Congratulations! 

After reading this the first thing I thought about was this decision is basically just days apart. What I mean by that the days are so close that, does it even matter cause it's so close to the end of the year and new year. 

I could be wrong but that's just my opinion. Good luck! 

Thank you @Lana Lee I appreciate your advice. So get approved for equity first before mortgage?

Thank you Nicholas. I have been listening to the podcasts for quite some time and have gone through the beginners guide. I appreciate your response. 

Hello BP,

I'm new to all of this but I'm looking to jump in. I've always had the itch to do real estate and now I believe its calling me but just need to get started. I appreciate all the help and advice any of you could provide. Here goes...

 Is it a good idea to purchase an investment property using the equity in my existing home? 

If so, should I get approved for the equity then the mortgage for the investment property of get approved for the mortgage then go after the equity?

Thank you,

John