All Forum Posts by: Shanaya Harris

@Rafael Nava Hello! Welcome to real estate investing and creating this post. I live in Charlotte and started my SFH REI journey last year. I'm looking for my first Multifamily property and finding it difficult to locate a deal in my area. I have family in Chicago and seriously considering purchasing in the area. Your post generated the network that I'm looking for as well (thanks to you of course!). @John Warren @Joshua Jones I'd like to connect with you whenever you have some free time this month. Thanks in advance!

@Mike B. Thank you for sharing!

@Mike Giallanza that’s some really good points. I’ll connect with some lenders as well to talk through my personal situation in greater detail. Thank you!

@Lisa Hoover thank you so much for the detailed response! There’s so much to consider and I can benefit from having someone like yourself to coach me. I’ll send you a direct message for us to connect further. Thank you!!!

Has anyone borrowed from 401k to finance BRRRR deals? I would think that borrowing from your 401k with a much lower interest rate and paying yourself back after the home refi would be a better option than going through a private lender or the hard money option with a higher interest rate.

Hello! I'm new to the real estate investing game in the Charlotte area and I could benefit from having advice from more seasoned investors. I bought my first condo as a primary home 9 years ago for 109k with the goal of turning it into a rental property. Today the value is at 135k and I have 84k left on the mortgage. My PITI, including HOA is $800 monthly. Similar units in my complex is renting for $1200 but I could get more rental income due to current upgrades that I have.

My goal is to start building my real estate portfolio by using the BRRR strategy to buy a few single family homes in the short term and then gradually invest in multi family properties long term. However, I want to make sure that I make an informed decision with my condo. Should I convert my condo into a rental property? Should I sell it? Also, regardless of renting the condo or selling it, I need to buy another primary residence to live in as well.

All suggestions are welcomed! Thank in advance for your advice!