All Forum Posts by: Nathaniel Tant

@Jaron Walling, I can handle both my mortgage and the rental mortgage comfortably with zero issues. The cash flow does not include the heloc payment. If I paid the heloc off with the cash flow it would take a long time to pay it back down. My mindset is this, you have to save money to create capital, so whats the difference when you're paying off a heloc out of your own pocket? either way money will have to come out of your pocket? i'm new at this, but thats where my head is at. 

Hello fellow Pockets!

I am in a situation and need some advice. 

Situation:
Property is for sale at $175000.00 and could appraise for over $225000.00 once it's remodeled. Or it can be rented out in the state its in with a cash flow of $200-$300.00 a month. This will be my first rental property, so capital is non-existent. However, I do have my HELOC on my current home to leverage a 20% down payment. If I take the HELOC out I'd have to pay it off myself if I wanted it paid off in a decent amount of time. This seems counterproductive because it would be costing me money to pay the HELOC off. Since I dont have any capital, this seems like the only way to get into the business. Is this a bad strategy?

@Account Closed

Thanks for the reply and the information! I plan on getting a property this year. Just need to find one that hasn't been flipped already. 

@Stacy Raskin

Louisiana. I was thinking about getting my real estate license to save money on commissions. 

@Chris Seveney

Thanks for the comment. I'm working on getting my first investment property this year. It almost feels bad to buy a house right now as the market is inconsistent. I guess if you have the opportunity to get in, you get in! is this the wrong mindset to have?

Is anyone buying investment properties in todays economy? Seems like the interest is high enough to scare a lot of buyers away. I am getting in to the rental business and am quite skiddish on paying 6% + for a house.  

@Scott M. Thanks for the reply. I won't be selling the house, this is my retirement plan. I've been doing lots of tub research and found that midgrade tubs might be the best option for quality and longevity. This is my first time buying a bathtub and I can only find mid grade tubs for $550.00. They are reinforced acrylic tubs with warranty. Is that too expensive for a tub that goes in a rental property? My goal is to pick the one that will last the longest and not cost an arm and a leg. 

I need advice! I am fixing up a rental in a B+ area, highly sought after area at that. But the issue I'm having is find a bathtub that will last because it's going in a tile surround. I dont want to have to replace the tub or the tile surround for while. I was looking at acrylic tubs on the medium range of 550 each. The big box tubs seem cheap and wont last. Advice?

Hello everyone, 

I am remodeling my bathroom and I am at a crossroads with choosing a bathtub. I am doing tile surround so I'll need a tub that will last so I dont have to replace the tiles for a long time. I have a low B property in a high B area. Let me know what everyone thinks! Oh, and i'll be doing all the work myself. 

@Jim K. 

My situation is unique. I do not have a time limit, nor do I have a strict budget. I will be living in this property for a little over a year while I get it updated. The first project I am tackling is the kitchen and I need to know what kind of cabinets are best for rental properties. I want things to last through heavy abuse and if spending a bit more on plywood over particleboard is best, then thats what i'll do. I am looking for functionality and durability.