All Forum Posts by: Lillis Hawker

@Mark H. Porter

Thank you, I have been thinking of doing something like that. I just worry with our household income outside of the property being so low, if we fell on hard times we would not be able to pay the mortgage. But, our end goal IS to have multiple properties/units. I just don't know how fast we can scale up. 

@Joshua Ferrari

Thank you for the reply! I'm painfully new to this and will definitely check out doing an HELOC.

Ryan Wilson, thank you. That is a great option I hadn't really considered yet.

My husband and I are in our later 20s we currently own a rental property that could sell for $180K or more. It brings in $1,475 a month. We do not have a mortgage on this home. We are moving to Arizona for my husbands job. His starting pay is only $45k a year. Should we sell the rental to buy a home for ourselves, keep the rental as an additional income, or sell the rental and use the money to put down payments on multiple properties?