All Forum Posts by: Tiffany Alfaro

@Benjamin Aaker I am going to pay off the high interest debt. I consolidated it into a personal loan which is 12.78% over 24 months. I can probably pay it off in 18 months or less. Thank you for the book suggestion. I am going to continue educating my self while I get enough for the DP and other expenses. Thank you!

Hi @Tim Delaney, thank you for taking the time to respond. The loan rate is 12.78% over 24 months. The information you provided is very helpful. 

Hello everyone,

I am currently working through a challenging financial situation. I have high-interest debt with a 28% APR that I need to pay off before focusing on saving for a home with my current income . To address this, I've taken out a personal loan, which I plan to repay over the next two years. I aim to allocate a small amount of funds toward a Roth IRA and a high-yield savings account (HYSA).

My current job offers limited opportunities for overtime, so I’m exploring side work related to real estate, such as part-time property management or similar roles. My ultimate goal is to house hack a 3–4 unit property.

I’m seeking advice on how to accurately estimate the closing costs and monthly expenses associated with a multi-family property. I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.

Any insights or recommendations would be greatly appreciated.

Thank you!

Hello @Nick Belsky,

Thank you! I have been blessed to have come across this amazing community. Something I never expected to be apart of. 

I would love to hop on a call and connect to discuss financial strategies. When are you available?

Thanks again, talk soon!

Hi @Abel Curiel,

Thank you for taking the time to respond to my post. 

I need to do some more research and potentially save some more money so I won't run into as many challenges.

Are you familiar with any local REI meetings?

Hi @Jared W Smith

Thank you for the warm welcoming!

Hi Julia - thank you for taking the time to respond. I appreciate the feed back. I can have about $90k in 2-3 years. I am definitely planning on occupying the property. 

Hi all! I’m new to the community. I knew to real estate all together actually. I am from Yonkers, NY (Westchester County area). My plan is to buy a multi family building which would be my first buy ever. I would like to live in and rent the rest of the apartments. I am looking to buy in Westchester County, Putnam and Dutchess county. I have around 50k in cash to invest but not sure if I need to save more or if I am able to invest with that. I hope in the near future I am able to add value to this community as well.