All Forum Posts by: Josh Pryor

Marty, you from Evansville? What do you do?

Sorry Carl, Indy is a great market but a bit of a stretch for meeting up currently. 

Surprising/disappointing that only 1 person is interested. Ryan, what do you do?

Evansville, IN REI! I am looking to see how many people from Evansville, or the surrounding area, would like to attend and be a part of a monthly real estate BiggerPockets meet up? Please comment and let’s see if we can get the bell rolling. We are always stronger when united.

Brand new to this REI as I have only 1 unit. I am moving into it due to a promotion closer to the area. While I am trying to maintain my full time job and begin a lucrative investing career, I am pondering buying a new property to rent out once I arrive. After thinking about it, if I build a garage onto the property, it will double my cash flow each month. Should I build a garage and hold off on another asset? Or should I buy another asset and hold off on double the cash flow that I won’t see until I move out?

So, I bought a house at a reasonable price of 60k and lived in it for a year. I then promoted at the company I work for and relocated several hundred miles away. I am now using my property as the first of (hopefully) many other rentals. My question is this, how can I make it a little more profitable to be able to save enough for more properties? I have an interest rate of 4.25% and I have only had it for 4 years, so I feel as though refinancing isn’t a great option. My mortgage, insurance, etc, is $507 a month. I rent it for $650 currently. I’m looking for creative solutions you may have had. Please help!