All Forum Posts by: Rick Perez

I went to a local bank in Springfield Massachusetts. They advised me that they had no seasoning period. Shop around. 

Thank you so much for being transparent. You will do great ! 

TJ it's was a pleasure to read your post. I to am an inspiring new investor. I currently live in Florida from Chicago but, will be moving to Western Massachusetts (Springfield) to peruse my dream of long term rental's real estate. I would love to keep in touch on our journey. 

Great I'll following your journey! 

Howard thank you for your input it's highly appreciated. Yes, today's low interest rates are what have me wondering what is best in the long run. 

Hello everyone, 

i need your expertise so we're do I begin. I am moving from Florida to Western Massachusetts to chase my dream of long term rental real estate. I will be using the BRRRR.... Strategy as my primary method. So my question is I own my home in Florida and currently owe 155,000 on the mortgage at 4.6 %interest rate. The home is valued at around 270 or 280 conservatively. Which at a 80% refi or Hloc I would be able to pull out about 60,000. I will be renting the home i have a studio which my parents rent at 500 and the main home will rent for 1400 a month so a total of 2,100 a month in income. Should I refinance and get a lower interest rate and get rid of the PMI with a higher payment at around 1600 a month or should I take a Hloc and leave the monthly mortgage the way it is ?please ask any additional questions if need clarification. Help !

Hello Gurshan, 

its inspiring to hear someone take there first step. I to and hoping to get my first deal with in the next year (moving out of state to invest) can't wait for an update ! Good luck.