All Forum Posts by: Nehemias Ponce

Getting an early start, that's awesome! Explore the site, there is so much here to learn from. Do good my friend!

-Nehemias

@Ciprian L. Thank you for that last explanation! Makes total sense...

@Thomas S. Can you explain what you mean by "your equity is saving you $343.43/month meaning that amount of your rental income is attributed to your equity value?" I don't understand what that figure ($343.43) means.

 I think I was having a hard time reckoning the above because we didn't put anything down on this property. 

We were fortunate in this instance to have been able to use a VA loan to get into this property with no money down. I just need to capitalize on this fortune some more.

Thanks so much @David Faulkner. I've definitely had to reread and will continue to read that response. I didn't know something like that was possible.  

Hi Michael! I'm a beginning RE investor in Tempe. To piggyback on what @Patrick Ryan said, Renters Warehouse has been doing a ton of advertising here recently. Although I have no personal experience with them at all. I do have one SFH rental in 85283 and have my primary residence in 85282. I am very familiar with Tempe. I can't offer much in the way of procedural RE investing advice as I am very new myself. But I'd be willing to answer any questions I can regarding specific areas. For example, I can look at the houses around a property and help you develop a better context for what you'd be purchasing. I can tell you what retail is nearby and things like that. Just let me know if that would be helpful! PM me or we can continue on this thread.

-Nehemias

Thank you for the explanation @Jerry W. I am in a position where I can retire in 15 years so your response resonates with me. It would be nice to have my primary residence and the rental paid off in 15 years. It's just a matter of how to get there. 

 @David Faulkner Do you have any examples of what kind of an account you might be referring to? I'm very much intrigued by that idea of yours. 

 What do you mean? I'm not sure I follow.

It took me a little while to understand how simple and wise the above is. I guess I should have a better understanding about what our goals are! It would help drive our decisions. Makes total sense. Sorry my friends, slow learner, but trying to get there...