All Forum Posts by: Jonathan Ahle

I’m looking for advise on my first buy. I’m going through fund and grow for my funds at the moment. With this I’ll be able to use cash and possibly get a better deal. My question is, since I only have 12 months to pay it back before the interest kicks I’m going to refinance without doing any upgrades or rehab. House is great the way it is. How can I not get screwed on the backend when trying to refinance with out increasing the value. I don’t want to loans on the same house if I can help it.

How long after you started the process and submitted all the necessary paper work and id’s and stuff did you receive your first batch of funding? I’m currently in the first stage and awaiting my applications according to danyelle and zac ricci. I’m just trying to figure out a time frame to make my first deal.

@James Wise I actually love the idea of a duplex or quadplex but I think they are a little out of my price range right now of about 50k

@James Wise thanks for the input! I don’t think I’m going to invest out of state just yet. I’m looking at properties close to home for now. I think this will give a little better feel for the process and allow me to safely get my feet wet. I’m only looking at 3 br and up at the moment, I figure anything less than 3 beds won’t have a good enough ROI.

@Ali Boone I live in northeast Arkansas. There’s a small market here. My cap is 40k. But I could go a little higher if the return is worth it. I have a family of 8! Me and my wife and our 6 kids. I ultimately want to get into rei because I’m tired of not being able to do anything with my kids. I don’t want them to just go to school and come home and do nothing else, I want to be able to provide a great childhood for them.

I’m just starting out in rei, I like the idea of turnkey for my first couple of rentals and then getting into buying cheap and rehabing them and then renting. I’m just looking for any guidance, or advice anyone might have. Thank you!