All Forum Posts by: Frank Tovar

I would like to move up as they say and purchase a home in a better part of San Antonio,TX. My current home cost us 140k and current pay off is 133k. It is still valued at 140k. We have only lived here for 3 years. Mortgage is $1,090.

My question is at what point can I make the transition to renting out this one and purchasing a new home in regards to time? Is this a viable option to do so early in the game with this mortgage?.
Or is there a better way to move up?

Thank you for pointing me in the right direction. There is lots of incredible information on here, feeling a bit overwhelmed in a good way. I hope to meet mentors on here.

My name is Frank and am new to the whole aspect of investing in housing. My previous experience in real estate was limited to new home sales. My wife is currently a beginning realtor and so far enjoys it. I would like to visit that aspect of being a realtor as well. I look forward to learning from all of the great minds here.
My goal is to start with single family unit houses as rental properties for my first go at this until I have the resources for multi-unit. I am looking for guidance and support on where I should go as an essential resource to give me a step by step or a getting started guide.

Thank you everyone.