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All Forum Posts by: Norma Contreras

Norma Contreras has started 1 posts and replied 4 times.

Originally posted by @Joseph Vu:

What is your mortgage interest rate? if its high, can you refinance? Debt is cheap now. So if your mortgage rate is 3% and you can invest your money instead and make 10% CoC with a rental property, i suggest you invest.

 that makes sense, need to find that deal!

Thanks for your input, I haven't found a deal that generates higher returns; but all of this responses have given me perspective on how to analyze the decision

Thanks for the insights, specially how much of a loan can I qualify, I need to find out to make a better decision 

Hello all, 

I am new to this community, and I want to ask the more experienced investor out there, I am a new investor, I want to start with a duplex/fourplex but wondering if is better to payoff my mortgage before start the real estate investment journey? also would love to network, really looking forward to learn and contribute to this community!