All Forum Posts by: Ryan Crowley

This debate really has me excited about ALL the opportunities and strategies with real estate investing. Anyone know Josh or Brandon? Would love to get them in on this debate! You all have great points and I am excited to be finally getting started to learn what works best for me. Truly appreciate all the great advice from your experiences.

Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon. I have been calculating the best way to grow my portfolio, but I am curious if anyone else has worked to pay off the mortgage completely and then saved all the additional cashflow for their next property?? Then repeat for a snowball effect. Obviously would be a slower process, but would create very little debt hanging over your head. Let me know your thoughts. Thanks!

Hey everyone, I really appreciate all the great info and advice on here! I finally just bought my first rental property and accomplished my goal of buying one by the end of the year!! Could you all please give me your recommendations for property management software with the benefits and pricing? I plan to manage myself and would prefer a software that is cheap or free since I only have 1 rental so far. Thanks for your input.

Great points. I will probably be looking for a roommate to cover rest of the costs. Total would be around $1600/month so if I can cover that, it would help. Otherwise, you're right, I would be paying $400-$500/month myself

Hey everyone, I really appreciate all the great info and advice on here! I'm a new investor wanting to get started in real estate in Bloomington/Normal, IL. I am looking at a duplex with the idea to create a "house hacking" move that Brandon talks about. The duplex was listed at $250k and is valued by the county at $260k range. I had an offer accepted at $220k. I was planning on using an FHA loan to put very little money down. The other side of the duplex would rent for around $1200/month, my monthly loan payment would be $1,050. taxes are $7100/year, insurance is $1300/year. Rental market is pretty good in the area. Worthy of a first investment to get started?

Thank you, this is great!