All Forum Posts by: Michael Anderson

I am self employed so financing is tricky. I have one rental property paid off and significant equity in another. Can you recommend anyone who can help me access my equity to fund a new deal without great income?

Thank you for the input! Great advice. Long term appreciation should be great, but trying to decide if I want to tie up all my capital in a property that does not cash flow much for a long term rental. Out of state is the other option.

I guess I need to factor in debt reduction here vs cash flow in other markets.

I have the chance to buy my neighbors house in Arvada off market. It is a single family 3/2.5. I am a little concerned about having a long term rental right next door, but wanted to get some advice from others. I can get the house for a slight discount and not go into a bidding war like everything else. Obviously still more than I want to pay for an investment property because It will probably cash flow only $100 month. Long term plan is to move out of my current residence and rent it out, so it would be great to have 2 rentals next to each other.

I also am think about short term rentals. Does anyone in Arvada have experience with STR's?

Thanks for any input!