All Forum Posts by: Shaun Wraley

Hello all!

I just wanted to get some advice here...I paid off my home mortgage this month and am now ready to invest in another property for rental income.  This problem is..I live in the DFW area and the market has pushed prices up rather high, along with increased demand which makes it harder to sweet talk sellers into selling at a lower than market price.  Can you still make a profit in this market on rentals?

Hi

I'm just getting started on learning all about real estate.  I'm very motivated to go all in on rental properties, but my question is...Do most people wait to have their own personal home paid off BEFORE buying rental properties?  I'm about 3 years away from paying mine off.  My issue is that I hate carrying debt.  I have the cash reserves for a down payment on a rental, but I'm hesitant to carry two mortgages.  I'd love to get some feedback from people who have bought while still carrying their own mortgage.  

Hello, my name is Shaun.  I'm 37, live in DFW, been at my job for 15 years and am ready for early retirement!  I found BiggerPockets thanks to amazon.com.  I purchased The Book on Rental Property Investing last week.  Today I started listening to the podcasts.  I'm here to absorb as much knowledge as possible before I purchase my first rental property.  I'm interested in single family houses at the moment.  My goal is to eventually live 100% off of passive income so I'm not really interested in flipping.  Excited to be here!