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All Forum Posts by: Jeff Long

Jeff Long has started 3 posts and replied 5 times.

If you own let's say 5 investment properties and you have to pay the mortgage on all of these properties, what is the best method to disperse the money throughout all 5 properties? Through cash flow? Loans?

Brent, I see what you mean by already borrowing 70% but you already put 30% down so you would have some borrowable equity because you already paid 30% up front. After you put that 30% up front wouldn't you just be paying your mortgage after that, the $70,000 monthly at whatever interest rate you received? So you wouldn't actually be borrowing 70%, you would paying that 70% for a fixed term monthly.

I'm currently reading the Low and No Money Down book by Brandon and can't seem to grasp this concept, comment please if you now the answer. So, If a house is worth $100,000 and the investor puts a 30% down payment on the home why would they have no real equity. Wouldn't the investor have $30,000 equity or does no real equity mean you can only get 90% of that $30,000 to leverage at most and that wouldn't be much equity. HELP!

Post: Real Estate agent a need or not?

Jeff LongPosted
  • Clio, MI
  • Posts 5
  • Votes 0
*when you need to use him I mean.

Post: Real Estate agent a need or not?

Jeff LongPosted
  • Clio, MI
  • Posts 5
  • Votes 0
I've been reading Brandon Turners book on "Rental Property Investing" and want to know how imperative it is to have a Real Estate Agent and my last question is would you just use a Real Estate Agent to find all the great deals and when you want to use him then use him?