All Forum Posts by: Tracy Schultz

Can't wait to see everyone there tonight!

@Matt McGuire same time and location?

Just wanted to say it was awesome to meet you all at the meetup, hoping to see you all again at the next one and I know I for one have some action points from the meetup. I am to make some progress on them and hopefully discuss them next time.

Anyone here for this?

@Joe Splitrock & @Onika Washington thank you for the responses. That is exactly the info I'm looking for. I'm aware it's going to be slow just needed an idea on a good goal amount. Makes working towards it easier and at least I can quantify it say when I get to this point I know I'll be in a good position to proceed!

@Wale Lawal that's where I'm looking. Currently my wife and I live on 242. As I've stated, ideally yes I'd like to use our current home but that's out of the question due to the wife's objection. With that constraint I'm looking to ensure I've got sufficient funds set aside so close on a second property to be our first rental.

@Bruce Woodruff Doesn't have to be fully turn key but I was trying to figure in closing cost so I ensure I have the full costs covered. 

@Jaron Walling Agree on principle but in reality not able to do that, while my wife supports my plan to get into real estate she's steadfastly against doing fix and flip and moving around. I'm currently looking toward having to take the option of doing this as acquiring a second property to get started. Were I single it'd be a different ballgame. Cash flow rentals would be a great idea and I'll check into that.

I'm ready to move beyond analysis and actually acquire my first property. If I'm setting my goal for a property that's 100k or less would the ideal amount to have saved up be 36l? I figure that would handle 25% down and any and all closing items.

If the only way you can get started is acquiring a second property as house hacking isn't something your spouse will go for should you aim to have 20% down to get started? Trying to layout my steps and write down a plan.