All Forum Posts by: Marshall Sanders

@Jack Montague

Thank everyone for reaching out. This is why I hear on the podcast that this app is so awesome.

Jack thanks so much for your deal deep dive. Sounds like we could really turn this first buy into a pretty good asset.

To answer Sarah's question about if we are wanting to move out and into the next rental, yes that is the plan currently. Our current short term goal is obtaining 5 doors over the next 3 years. I know we can do it we just have a lot of learning to do. Sounds like I need to do my homework on ELOC and how it works.

I just want to thank everyone again for reaching out to help my wife and I learn about investing. We are so greatful to be a part of a community that is so willing to educate the newbies.

My wife and I are about to buy our first house in Hendersonville Tn. It is a growing market right outside of Nashville. We have been renting the house for about a year now with the intention of buying in 2021. The owner is a family friend and is giving us a pretty killer deal. 180k is the selling price and it appraised just north of 245k. The goal is to move out of the house as soon as possible and turn it into a rental. We are planning on an fha loan taking advantage of the 3.5% down payment but are curious if there any other finance options that may better suit our goals. Is there any way to get that equity to work for us?

I am a complete newbie to this whole process. I stumbled upon bigger pockets podcast about 2 months ago and have learned so much. We are so stoked to get started. I just bought David Greens book on BRRRR and can't wait to dive in. Thanks for all the input to help a rookie out!