All Forum Posts by: Shaminique Mason

When the housing market declines. I want to be in the best position to purchase as many houses as possible. What is the best strategy to do this? What do I need to be doing now to prepare? My guess is that I should be searching for banks that do not require you to wait a whole year to refinance. That way I can pull my money out quicker to be able to purchase more properties.

I am also a new investor with 50k from equity from my home and about 95k in debt not including my mortgage. I am real interested in what people advise. I decided to try to leverage a flip with hard money but not to pay off my debt. I want to use it to help fund rentals and create enough cash flow to cover my monthly debt payments. I know Dave Ramsey and others would say to get rid of the debt first but I think I am going to continue learning the BRRR method and try that with some flips along the way. If possible I will try to lower my interest rates and payments while committing to not take any more liabilities. As I get a few more flips in I will pay off the debt. Right now I am in contract with my first house that I plan to flip. I am actually second guessing it as my market is starting to slow down in Columbus, ohio for the particular house that I have possibly from the fact that it is going into the holiday season.

Thanks so much for your response everyone. I had my little one a month ago and he healthy and happy...I'm  just now getting adjusted to life with 4 kids now. To answer everyone's questions I am married and my husband's income is enough to finance an investment but not enough to live off of completely. The cash (40k)that we have available now is from refinancing our homes. I was making $3k a month at my previous job but I don not want to go back to work. 

Hello I am new to the forum and somewhat new to investing (I bought one house rented it and sold to my tenants 3 years ago) I have been working as an accounting since graduating college in 2008. I am pregnant with my 3rd child and recently found out I will be laid off from my job the month I have my baby. However, losing my job has made me really re evaluate things and I really want to get back into investing and be free from a 9-5. I have $40,000 to invest but not really sure of the best strategy  (Columbus, Ohio) .So my question is....if you were in my situation what would you do if you had 40k to invesst? Any advice would be greatly appreciated.