All Forum Posts by: Phillip Overpeck

So I've been looking into ways to save on a rehab. One thing I thought of would be using stained concrete flooring on a rehab. I really like that look myself, but is that something any of you have used successful in your projects?

Admittedly the terminology there was faulty, I was thinking of it as more of an analogy. I look at that $470 as if I never had it to begin with, since I know I have to pay that monthly. 

So I am equating the whole amount to the return, since it is now money I have access to. Versus just looking at the interest portion.

Thanks for the advice

So I have a car loan that is about $470 a month. I currently owe about 11k on this vehicle. I also have around 20k in available capital that I could use to pay off this loan or to invest.

My question is this. Does using all 20k as investment capital play out better in the long run, or paying off the loan and saving that $470 a month.

Thinking about this like an investment here is my math, looking for a sanity check:

If I pay off the loan, my ROI is close to 50% per year. $470 x 12 months = $5640 yearly savings. Divide that by the $11k loan amount and I end up with 51%. However there is no equity or appreciation. I just have an extra $470 a month to save towards future investing.

If I decide to invest it, I doubt I could find an investment with a 51% return, however I also know I would have an asset that could appreciate in value while also generating maybe $200 - $300 in cash flow.

Overall, I am a rookie investor and I am still in the education phase. So I am leaning towards paying off the vehicle. That would set my ability to buy now back, but I am also still learning a lot, and it would give me plenty of time to learn strategies and get comfortable with evaluating deals.

@Chris Martin I was thinking Master Lease Options

@Eric Adobo I just saw a few mentions/articles on it here on BP, haven't looked too deeply into the strategy yet.

Hey everyone. I am brand new to real estate investing. I haven't even made my first deal yet, but I know this is something I want to do for long term wealth.

I am hoping to get some guidance on which strategy would be a good place for me to start.

I have just over 20k in cash that I can leverage in a deal immediately. I should be able to save roughly 1k a month of my salary. I am located in the Raleigh Durham area of NC. I am also relatively new to the area, so I don't have a great feel for the local market.

From what I can see, it appears to be highly competitive at the moment, and there aren't any turn key properties at my price point.

For all the experience investors out there,

If you found yourself in this situation, which strategy would you pursue?

Hey everyone. I have been interested in Real Estate investing for 6 months or so now. I am finally spending regular time on pursuing the goal of owning revenue generating properties. I am looking forward to learning as much as I possibly can from this community