All Forum Posts by: Ken Cooper

Thanks Ian, 

REI is defiantly my end game. I have one other investment property, but this is a big leap. I think that it could set us up well for the future, but it is a big step to take monetarily.

I am in escrow for a Triplex in Redondo Beach California. We are contingent on the sale of our current property ( Which we have an over ask offer for.) The Triplex needs a new roof (which we have asked for a credit for) , two bath remodels, new flooring in one unit, and some other updating.  The roof could wait for up to two years.  There is also some minimal terminate damage that needs to be fixed.  

Triplex purchase price 1.1M

Procedes form current Property 218000  almost exactly 20%. Which would be our down.

We will be living in this property, but the unit we will live in will be 60 sqft smaller than our current living space. 

What we would pay out of pocket for mortgage would decrease by about $200.  

We like where we live know, but think this would be a good move for our future.   

I am very conflicted.

Any advice would be very appreciated.

Ken   

I will be out of town this month. Sorry I will not be able to make it.

I think I will be able to make it this time.  It has been a while.

I will be out of town and not able to make it.  Next time I hope.

I bought a property form them in August.  They were great to work with, and everything is going great so far.

Ken

Thank you @Sterling White

@Amanda Keller Hi Amanda, I am always looking to connect with like minded individuals. The next time I am in Indy I would like to attend a meet up. 

Ken

@Dan Baker Thanks Dan

@Jeff Goedeker I could be wrong Jeff, but i think he may have meant accelerated PAY down.  But Chris knows a lot more about this than I do, so it could be something else.