All Forum Posts by: Michael Anthony

Thank you very much for all of the responses!  

I am a single man.  My student loan debt is 17k and my truck note is for 30k.  I think you all are correct and will put my money into my home rather than pay off debt.  I could always use the flip money towards paying the debt off anyways.

@Robert Leonard how can I make the profits on my property tax free?

Hello I am a young entrepreneur.  I do residential construction and I am currently living in a single family house that I am flipping.  I plan to live here for 3-5 more years because I enjoy the house.

I have money (roughly 20k) that is burning a hole in my pocket.  I want to fix up my house, but I also want to become wealthy.  My 2 biggest debts are my college loans and my truck. 

I am looking for advice on what to do with this money.  I could either pay off some debt to lower my debt-income ratio and this will help me buy more houses, or I could use this money to continue fixing my home.

I am open minded to any suggestions and would greatly appreciate some advice from a veteran investor or financial professional.  

Thank you!

Unfortunately, I am not in a financial situation where I can afford better property. Is it worth the wait?

Hello!

I am seeking advice from the professionals on this forum.  I am currently looking at a property that is listed for 12k. It is in a slum area and probably will not increase in value.

I will pay cash for this property and I can and will make money on this property if I purchase it and rent it.  However, the location of the property is terrible and therefore, the overall value is not really going up.  Is this property still worthwhile?  Is it better to pay more money for a home in a nicer area so I can gain more equity and rent? 

Please advise.