All Forum Posts by: Robert Painter

Ok I will adjust to 6 months on the refinancing I just heard in a podcast once to ues 14 months so was being cautious. I am going to use a combination of Heloc and hard monny to get my first deal then refinance. The home I'm looking at now in the calculator is just for practice.

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*This link comes directly from our calculators, based on information input by the member who posted.

@Matt N.

There are some 3 and 4 plex in Alton IL area for 35k range but it's a D area with high crime, high maintenance. And possibly hard to find good tenants. But there is a good chance I could get cash paid propertys with higher cash flow.

But I'm afraid this will take more time and need more avaibility thin I have.

@Greg Scott

Thank you that was very helpful.

on some of the podcast and videos I've been watching I've heard people discussing things like C homes in B neighbourhoods. How can I learn more about these grading systems and how to determine what grade a neighborhood our home is?

Hello, my name is Robert and I'm 42 looking to replace my working income with passive income by the time I'm 52. I currently live in St Peters Missouri just west St Louis Missouri.

I currently drive truck for a living. Although I love my job I don't want to do it for long. The problem I have is available time. I am on the road for 11 days at a time and go home for 3. And most of my home time is spent with family.

I have a 700+ credit score and bring home about $6000 a month net I have about $3000 a month in expenses. I have about $30000 in available equity in my home.

Anyway with my limited knowledge of investing I can only see two options for me. Until I am able to quit Trucking and be available to be Hands-On

1. I can buy $100,000 turnkey properties with 25% down once maybe twice a year. With a property manager. But I am concerned on how many loans I could have at once

2. I could invest in other peoples flips are projects.

Anyway I'm just looking for advice on what path I should take or if there's other options I'm not aware of.

I live in St Peter's it's a little west of St Louis. I'm a New invester and also looking to invest in STL.