All Forum Posts by: Kiera Underwood

@Jack Stryc depending on what market you live in I would consider buying a property that can produce income while you live in it, or that can produce income in a year after you move out. I would buy a duplex that can make you money while you live there (or at least reduce the cost of living) or a single family home that will perform well after you move out. I would utilize an owner occupant loan to only put 5% down and to get great 30 year rates. I would utilize some of the money for updates to increase rent rate and to create a cash reserve for major mechanical replacements. I would repeat this process every year. 

However, if you live in a crazy expensive market.. this might not make sense at all. 

I do! I see that you sent me a request. I'll follow up there. 

@Travis Turner you may add OKC to your list. We have consistent population growth, you can get into a cash flowing rental for 70k and it will qualify for conventional! It's also a bit under the radar which is nice from a competition standpoint. Good luck! 

@Cade Mayer I'd do FHA 15 year if possible. You'll have more cash to work with now but also freedom and less interest paid in 15 years.

@Joseph Pochinskas of course! As long as you're lowering your cost of living, why not have someone else pay down a mortgage for you? 

@Natalie Fryda In OKC you could buy 2 or 3 cash flowing rentals for 20% down with 70k. It's not too far from home and is historically stable during economic downturn! 

@Robert Gonzalez happy to help you dig into the market! We can overview it from a norms prospective, what things look like now and what I see most investors doing. Exciting time to get started! 

@Account Closed I think it's often scary. That's why it's important to be very clear about what your criteria is. If something meets your guidelines it's a go and if it doesn't.. it doesn't. That way emotions can't get in the way. 

@Julio C. it depends on the market you're trying to get that in. In OKC that COC and cash flow is common if you're working with the right people. In Texas I imagine the taxes are making it tough tot get that?

@Jeff Pearson getting your license wouldn't have been my go to suggestion, but I'm curious to see how it plays out for you. I know dentists that didn't stop dentistry to invest, but that do both. No question that's what I would try do.