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All Forum Posts by: Katrece Boyd

Katrece Boyd has started 1 posts and replied 4 times.

Post: So what's holding you back?

Katrece BoydPosted
  • Raleigh, NC
  • Posts 4
  • Votes 3

@Frank Patalano How do you find partners?

Post: So what's holding you back?

Katrece BoydPosted
  • Raleigh, NC
  • Posts 4
  • Votes 3

@Frank Patalano Hi Frank, thanks for the question. What's holding me back is coming up with the down payment while paying off debt. More specifically my husband and I have about $100k in student loans with an average interest rate of about 5%. We can have those paid off in 2 years if we throw everything we have at it.

Just learning about REI though I'm not sure if that's the best decision when we could be using that discretionary income as a DP on our first investment property. So that's been the challenge.

Post: Help with Multi-Unit Opportunity

Katrece BoydPosted
  • Raleigh, NC
  • Posts 4
  • Votes 3

@Oleg Shalumov Thank you for the warm welcome and the information!! I'll work on exploring these options. :o)

Post: Help with Multi-Unit Opportunity

Katrece BoydPosted
  • Raleigh, NC
  • Posts 4
  • Votes 3

Hello, I'm completely new to REI and BP. Last week I found a 4 door multi-unit on Craigslist that's not listed on the MLS in my area. I've been in contact with the realtor and he stated the owner is willing to sell but not in a hurry b/c the area is in an opportunity tax zone and property value is increasing. I'm learning how to analyze with the Rental calculator but I don't have the capital to invest. I'm totally lost on where to begin to find partners or other ways to finance this potential deal. Any feedback on where to begin to look? Thank you in advance!