All Forum Posts by: Jim Sestito

15 Miles south of Boston, MA you have a choice of two 1 BR condos.... Its something:

Neither - move closer to get work / get ebike... Especially in a place with weather like SD!

Start establishing relationships with banks... if you use a local credit union and have a decent amount of savings w them... start there...   Remember banks want to lend (you'll most likely pay them back... with interest!)  ... your not asking for a handout your providing them business.

If you have a great plan that could yield you much higher returns with the profits then sell.

If not - and the house is lowish maintenance and stress then that cash flow sounds pretty good to me... Do not kill the golden goose, pay tax on the gains, and then let the rest sit in a savings account. 

If 1031 enters the picture - talk to @Dave Foster 

@Matt Tallent 20 or less for a non occupied property is win.

@Clifford Paul awesome story... for those who aren't close with their local credit union... get yourself close... Invite them to golf, coffee, tea, yoga!  Bring the office hummus and veggies... (some would say donuts but im a health guy)

@Arneil Villena Sounds like you are taking good action by educating yourself.

Another great action you can take prior to actually throwing down a down payment on a property is getting your financial house in order.

- Get the credit up.

- Improve debt (pay off more) to income (make more) ratio.

- Increase your saving rate (this may be # 1 in importance).

Good luck - headed your way Aug 1 - Aug 7 for Ironman Boulder 70.3 Triathlon! 

Search some city data websites --- find a place where population is on the rise... find a place you could see yourself in... go on vacation to that place (at least 2 weeks)  talk to agents, talk to locals.   Buy a house... hack it... get a job... maybe switch those 2... no shame in renting for a bit... 

Be cool - be a conversation starter. 

https://www.propella.bike/?gclid=CjwKCAjwyMfZBRAXE...

@Benjamin Riehle Things are getting HOT (pun intended) in the Old Pueblo!