All Forum Posts by: Melissa J moore

Thank you for the advice Dan. I will reach out to Drew. 

Does anyone have a good Colorado room rental agreement? The feel like the rental lease on the BP tools is too detailed for renting a room.

Can anyone recommend a property manager in Sterling, CO?

We have a couple rentals and would love to have more. The problem now is funding. How do you get a 25% down payment besides slowly saving up? We refinanced our primary home for the last investment property down payment, so that's no longer an option. 

Hi Jonathan- we have 6 months reserves for our rental and cash flow is a little more than $300 each unit per month. We have a goal of 30 doors in 10 years so I'm trying to find ways to accomplish that goal. I'd love to own an 20+ apartment building. If I were to wait until I saved up a 20% down I'd buy a house about every 5 years. That's why I'm looking for ways now to avoid the long wait. 

James Teutschmann- I have not tried fb groups yet I will try that.  I have been to a meetup.  What's funny is the one I've been to teaches topics from bigger pockets! I think I will look for more meetups in my area. 

Erik Whiting- When I say I will owe more than what its work I mean when I am ready to sell I will make little or no money.  Plus if the market goes down I could end up with a bigger loan than the house is worth.  Congratulations on your upcoming deal!!

Hello,

I am new Pro member on bigger pockets and I'm excited to connect with other investors! I'm also interested in building a team. My husband and I have three rental units total (1 single family home and 1 duplex). We refinanced our primary house to finance our recent investment purchase. We are interested in buying multifamily/apartments. Now I feel stuck. How to we find more money to buy more properties? I am afraid of taking out a HELOC because my house will then be worth less than I owe. Does anyone have ideas on finding investment partners? Should I wait and save for the next five year? What do I do now?