All Forum Posts by: Jesus Jaramillo

@Lori Lusk -makes sense, thank you so much for your advice I really appreciate it.

@Jesus Jaramillo yes, the only thing is that I got a loan off the bank I put 12,000 down and rehabed myself for 8,000. I feel if I refinance it will only leave me with like 600. I want to get a 4 plex next and I have enough money for a down payment but I haven’t gotten to where I have enough money to do a burrr.it’s my first property.. o and thank you for responding. What would you suggest if you don’t mind me asking.

@Lori Lusk

I bought a 3 unit apartment for 138,000.

My return is 1200 with all experiences payed.

I rehabed it and is now worth 215,000.

Should I refinance to buy another property, and get a way lower return or just save money to get another property and keep the 1200 cash flow.