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All Forum Posts by: Sharmika M.

Sharmika M. has started 4 posts and replied 17 times.

Originally posted by @Steve Kirsch:

@Sharmika M. It depends on your investment strategy. Buy n Hold, FixnFlip? You need to weigh your options. Basically, all you are needing is the funding for the capital needed for the down payment/associated costs and any rehab you want to do if any. Your tenants (if keeping the property as a rental) will be paying for the loan and hopefully your calculations allow you some cash flow at the same time. The BP calculators are a great resource. Do you due diligence on lending programs that offer you the best programs/rates that fit your need. Hope this helps..... 

 This helps a lot thank you, Steve!

Originally posted by @Steve Kirsch:

Hi @Sharmika M.. I agree with Christopher, educate yourself first. Ultimately, you will have more control of your money (investments) in RE than in the market. If you are hesitant to expose all of your funds, start with one property and learn from every step of that transaction. With repetition, you will become more confident. 

Thanks Steve! How would you suggest i obtain this equity? Refi or HELOC?

Originally posted by @Kevin Dubina:

If you wait for market to crash you won't have that much equity ;)

I'd cash out now (especially with the recent down tick in rates), but don't be in any hurry to invest it. If something amazing comes on the market by all means jump in, but nothing wrong with sitting on it for a year or two earning 2 percent. I'm doing that myself at the moment as I slowly research some other areas with better cashflow

Correct! Which is why i asked should I leave it alone or pull it. When you say sit on it, are you speaking on a refi or HELOC? Or something else?

Originally posted by @Christopher Hunter:

@Sharmika M..  Well you do not dive in head first.  You would get educated.  Get a team around you.  Find a mentor/coach.  Find a market to invest in. Do research.  Then after you have put all tour ducks in a row, then you will have the conference to do tour first deal.  Other side of that coin is you can become a passive investor and become the bank and loan tour money out and make double digit return on that money.  Your  choice

 Ok. Thank you! I've started the educating myself part (hence how I found this website) I've read the bible of investing! :) (Rich Dad Poor Dad) I also listen to a lot of different podcast and investors. I know I'm no where near ready but I've started. Just need a mentor. 

Originally posted by @Christopher Hunter:

@Sharmika M.  Hello Sharmika. I would invest. Find what you are comfortable investing in other than the stock market.  Have you ever thought about investing in real estate?

Yes. That's exactly what I'm intrested in, just scared the market will crash and I'll be left to foot the bill on 2 properties and a HELOC.

Thank you Greg

Do I invest this equity or leave for market to crash?