All Forum Posts by: Will D.

Thanks for the reply Jon. You are correct, I meant cash flow. I appreciate your knowledge. All 3 properties I purchased at 50% appraisal value, so I ave some equity already there.

I just need to figure out what is more important, the equity build or the cash flow.

As most, I have a 9-5, and these are considered long term investments. I hope to have around 7 by the end of the year.

Thanks again.

This is my first post, so I hope I am posting this in the correct place.

I have purchased 3 SFH in the past 10 months. I have purchased these homes with using a 90 day loan option from my bank, and then getting a home equity loan on the property once it is deeded in my name.

The home equity loan pays off the 90 day loan, and then I have a 10 year home equity loan. This 10 year loan has an obivious higher payment reducing my NOI on the rental properties.

For those that have been investing for some time, would you rather have a higher NOI on a monthly basis, or would you rather have the loan paid off sooner?

The 3 properties I have bought have been for the following prices:

1. $35,000 = Rented for $650 a month
2. $19,500 = Rented for $400 a month
3. $21,650 = Should rent for $525 a month

I am in Richmond, IN.

Hello Everyone,

I have been enjoying this site for a few months, and I have already learned a lot of information.

I purchased my first rental property May '09, and I just closed on my 3rd rental property last week.

I look forward to learning more from the experiences of all the investors who post on this site.

Will