All Forum Posts by: Ryan Guffey

@Julio Garcia I am just getting started with investing. Thats kind of what I was thinking about doing but I didn't wanna miss anything by skipping ahead either.

I have been listening to the BP Podcast for awhile and just hit episode 27.

I didn't want to miss info or base a decision on something that is now outdated.

Should I keep listening numerically, start at the end and listen backwards since so far the order hasn't seemed to matter, or some other order?

@Kim Tucker mainly around my day job was my main concern because my time would be limited when I could meet with people.

I see it sounds like it's worth it either way. Is there a monthly fee or did you just pay your broker for each transaction?

Thanks for the info that really helps, though it sounds like it may be better for my wife to get it, she will have a little more time and be able to benefit from it more.

@Kim Tucker Oooh that makes more sense, i think have done that to sell a house before I started actually looking into investing but i didn't have a name to put with it

@Jimmy Lieu I believe so, like I said I'm still pretty new at it but thats my understanding of it. My actual numbers are little different but tried to simply it. I should save 250-300 a month short term and a few thousand long term

@Jimmy Lieu Im pretty new with it myself but I believe you can calculate it with

(interest rate/number of payments) * principal = interest

So for me I believe I'm at (4.5%/12 payments a year)*120,000 = 427.5 monthly interest repayment

Then if I do 427.5 * 300 months left = 128,250

If I refi and do (3.5%/12 payments a year) * 120,000 = 350 monthly interest repayment

350 * 360 extended back to 30 years = 126,000

Overall its close enough for me but I should also drop 150 for PMI so even if I'm not saving a huge amount just with the interest getting rid of that 150 will still help out

@Alex Olson I would like to but idk if I will be able to get enough with the HELOC to get a duplex yet

@Pete M. I considered that the only issue is I don't have the expertise and I work full time so time is limited lol. I was hoping to bring some money and someone else have the expertise to learn from.

@Pete M. Yeah i thought I had more in it. I'll try the rate/term refi and see how that goes and I'm lookimg into some more of the options that Kim mentioned

@Kim Tucker ill definitely look into that one too. Would it be practical for me to get the license for mainly nights and weekends?