All Forum Posts by: Rob Lee

WOW! Congrats @Tyler Caglia You are going to be a rich man one day! Awesome work on the detail of this post too! Good luck!

I need every bit of cashflow I can get! At this point, I'm taking every opportunity to get it too especially at a lower interest rate! Depends on your situation. I work for myself, so I would definitely take it!

Hi Sabina! Nice to meet you virtually. Both McKinney and Prosper are great areas. Can I ask you a few questions? What is your buying criteria? How did you decide on those two? Have you visited the area recently? Do you have boots on the ground? It would help to understand your process.

Unfortunately, that looks about right to me Veda. They are high here!

Welcome @Francisco Ruiz 

You are in the right place, sir! If you have any questions, I'm an investor and realtor in the area! 

@Jaysen Medhurst Excellent! Great point!

@Jaysen Medhurst I appreciate the response! These give me something to think about! Not sure sure how financing would work now that we both left our "stable" jobs and are entrepreneurs. We have been talking about moving out of the burbs into a walkable neighborhood but we don't want our money situation to change unless there is more cashflow!

Here is the scenario:

• You are in your 40s and married
• You worked relentlessly for 9 years and you are now debt-free! (no consumer debt)
• Your mortgage is paid off (appx 380k)
• You guys are empty nesters
• You have invested in residential real estate with positive cashflow, but nothing to write home about! (about 8 doors, but there are mortgages)
• You left corporate to be an entrepreneur so money fluctuates right now
• You have about 85k on the sideline in liquid for an investment opportunity

What you do next in the current real estate market if anything? You need more cashflow! Asking for a friend! 😝

Don't over-leverage yourself. If you already have an emergency fund consider investing the funds in the stock market until you have enough to make the down payment.

Hi Peter, Congrats on finding Bigger Pockets!  A few questions?  Are you a Texas resident? Are you prequalified?  What books have you read? What skills do you have?