All Forum Posts by: Kyle Kaiser

@Doug Spence My long term goal is to own an apartment complex by 2030. The biggest concern I have about keeping my current property is after closing costs/moving expenses/ on my next property I could be broke. I only have about 20k liquid right now but could be at 30+ by when I am targeting to close July-August. I believe if I sold my current home the equity I have plus local comps lead me to believe I can walk away with about 50k plus in cash, getting me closer to my goal of buying a multi family property within the next year. I am not sure if my current home's rental potential is worth me getting into a risky financial situation. 

@Ashish Acharya Thank you for the information! Have a great day.

Currently looking to purchase a new primary residence and list my existing home. Long story short, I have made several improvements since January and I am wondering if I can offset the cost of improvements this year come tax season even though the house was not occupied my a renter at that time. Thank you for your time! 

@Josef Hardi

First of all, thank you for your reply! 

I do have about 20K liquid to use. I am not interested in FHA loans because they cannot be used for a rental property. If I were purchasing another home to live in, I would be using a VA loan. I don't have much equity in the house I am in right now as I refinanced recently.

@Zachary Ellis

Yep! I have been in my current home for almost 2 years so I have satisfied the requirements. Currently looking for a turn key home to move my family into in the most desirable school districts in my area. 

I am very determined to begin investing into multi tenant rental properties and would like any mentorship/opinions someone is willing to offer. The pickle: Wife and I HHI is 255K. Easily have about 2-3k per month to invest with. Where do you recommend beginning? How can I secure funding to purchase a 2-4 tenant property? I am not flush with cash so I would love to learn how to access capital for a loan? Would you recommend a traditional investment loan through a bank or private equity? Second problem, we are currently using a VA loan for our house and could rent it out as well. What I would be afraid of is purchasing a new home to live in and only receiving around 1k per month in rental income and then deepening my DTI making it harder to secure a loan for a multi tenant property. Would you recommend buying and renting our current home first or focusing on a multi tenant as it could be a bigger stream of income?