All Forum Posts by: JDee Moore

@Jean, 

Thank you and yes a CMA is what I need to look into next. Is refinancing something I should wait to do? Is refinancing a good or bad idea if I'm going to rent out vs. sell?

Thanks again.

JM

Thanks @Frank R. 

Hello BP fam,

With a growing family, my wife and I need a bigger place to live. Before my kids were born and before my wife and I were married, she (her name is the only name on the deed) and I bought a house with a FHA loan through Wells Fargo.

I'm as new as can be to the RE world but would like to start making the right moves going forward as REI. Being in my early 30's I would like to start educating myself and learning how to become a successful REI and starting with my own property seems like the best place to start.

  Based off the details below, what are my options and where should I go to start getting adequate information to take full advantage of my current home situation, considering the circumstances at hand? Should I move out and rent it out or flip or refinance? Help please!

Thank you BP!

Details: 

Location: Tulare, Ca (Central Valley in CA)

Single family home

3 beds (Loft/4th bedroom optional), 2.5 baths, 2 car garage, 2,400 sqft

Lot: 8,282 sqft

built in 2008 (model home)

we purchased late 2008 from builder/owner

brand new schools K-12th in walking distance

Finance details: 

Wells Fargo lender - FHA Loan

purchased for $225,506, Fixed rate 4.25% 30 yr

monthly mortgage $1605. (insurance included)

Zillow.com listed house for $257K

Thanks guys for the warm welcome... and yes podcast is already cued. Thanks again!

Thanks fellas and Nate I will... 

What would be the first suggestion you guys would give me to educate myself about RE for beginners? 

I have a FHA loan on a house that I am currently paying for but would like to move out and use my current house as my first rental. I live in California. Any suggestions where I should start? Finance? Marketing? Buy and hold? Basic RE?

Thanks again. 

JM

Hello world, 

 This is "Day #1" in my journey to becoming a successful Real Estate Investor. My name is Jerry and I hope to learn, network and create with BiggerPockets and the BP community. 

I continue to recognize and evaluate my strengths and weaknesses and how it benefits me as a professional in the world of Real Estate. 

Applying my strengths and respecting my weaknesses, I feel is half the battle. I hope to learn and network with the BP community and get the right education by those who are successful in Real Estate. 

Thank you BP, 

Jerry 

"today is the best day of the rest of my life..."