All Forum Posts by: Luckson Dambo

Do Not Refinance Yet, your 2.25% rate is a rare asset. Exhaust alternatives first:  

1. Rent out your primary residence in 2026 and use the income to qualify for a HELOC or portfolio loan later.
  2. Reinvest cash flow from your duplex into savings for future deals.  
  3. Explore non-traditional financing (e.g., private money, seller financing).  
- If Proceeding with Refinancing:  
- Ensure new investments yield minimum 10–15% CoC return to justify the 7.5% loan.
  - Model worst-case scenarios (e.g., vacancies, rate hikes).    

Sacrificing a 2.25% rate for 7.5% debt is hard to justify unless the new investments significantly outperform the added costs. Prioritize preserving your low-rate mortgage while pursuing creative financing strategies for growth.

Congrats, way to go! 

l'd look into local credit unions, they often have lower rates and better terms than big banks. Look into Virginia Credit Union, Freedom Bank of Virginia or Dominion Energy Credit Union. Good luck! 

@Lien Vuong Hi! The reason l'm looking into the Greater Boston are is because l'm from around the area(Belmont, MA specifically) and New London is relatively cheaper to get started compared to Boston from what l have seen. 

@Daniel McDonald that's amazing! Great to hear you're investing in Beverly, l'm familiar with the area because l went to school at Gordon College in the Wenham area. I'm definitely going to connect with you to hear more about your experience! 

@Wale Lawal l appreciate the comment! I'm looking to do just start to get started. 

@Meghan Carson thank you! 

Your situation depends on how much money you have whether your or someone else. You're doing a good job asking the right questions. If you're currently looking at deals think about what you're trying to accomplish with your first deal. Good luck 

Hello everyone! This is my introduction here and I'm looking to connect and learn from you all. 

 Where I’m Based & Where I Invest
I’m based in Belmont, MA, and just getting started in real estate investing. Right now, I’m focused on finding my first multifamily property to house hack in the New London, CT or Greater Boston area.

Goals with BiggerPockets
I joined to connect with experienced investors, learn more about financing and property management, and take action on my first deal this year. My main goal is to successfully house hack and start building long-term wealth through real estate.

How I Got Interested in Real Estate Investing
I got interested in real estate after learning about house hacking and seeing how it can be a smart way to build financial freedom. Excited to learn from everyone here and share my journey along the way!

Looking forward to networking and connecting with like-minded investors. Feel free to reach out!