All Forum Posts by: Travis Vizier

Thanks!
Unfortunately, the interest rate on my student loans average around 7%. Where can I look to consolidate at 3%?

Without giving a lot of personal details, here is the situation:

Student loan $100,000
Monthly payment on student loan $1,000
Monthly income available to throw at student loan $3,000

Should I:
A) completely pay off student loan before attempting to jump into RE investing
B) pay off half , then begin
C) start now & use available profits to aid in the lowering of the student loans
D) Other

A little more info. For the past 6 mo I've averaged paying off around $3,000/mo. Other than a $115,000 mortgage I have no other debt.

Thank you Nathan
My concern with with MFH's is that most "well qualified" potential tenants live in large apartment communities with all the bells & whistles. The MFH's that would be in my ballpark seem to be in the seedier parts of Jackson. That's why I planned to start with SFH's. However, your reply does give me something to think about.

Do you target inner city or the suburbs?

Thanks to both of you for the advice. Nathan, do you strictly deal with multi family units? If so, what are the benefits over SFH's?

First off, hello all & thanks in advance for any advice that can be given. I'm interested in buy & hold on Single family homes in the Jackson MS area. My plan is to find homes in the Retail price range of $80,000-$120,000.
My day job is spent as a Nurse Anesthetist which leaves me with a healthy monthly cash inflow. My question is regarding how much should I put down on my first couple of properties?

Average rent is $1,000-$1300 in my target area.

Should I:
Try to pay nothing down?
Put down 20%?
Pay cash?

Being new to this, I have a good deal of book knowledge but no practical.

Currently addicted to learning about REI. Feel fortunate to have found this place- as i've been looking for a place like this for months!

Looking forward to discussion & learning from you guys.