All Forum Posts by: Victor Bradford

I really appreciate it everyone! Thank you!

@Derek Harris thanks for your comment!

Ideally I would buy a multi-family home preferably a triplex so one unit could pay the mortgage the other unit could pay the bills and I would live in the third unit.

also we don't want to just pay the bills because obviously we're paying interest over time we want to just pay it off, so by buying a house cash with the same amount the arv of the property would still be significant after getting a cash out refi. This way we have zero debt except for the mortgage which is not bad debt and it's a small mortgage that's being paid by someone else and still cash flows well.

Hey guys! So I just sold my property, and my wife and I are planning on getting rid of all our debt and still have cash left over to invest. My question is, do you think I should just pay off the student loan/ car right away ($100k) OR use that money buy a foreclosure for $60k and rehab it no more than $40k, refi, use that money to pay off loans and rent out the property. The latter seems pretty obvious to me lol but I'd like some confirmation. What do you guys think?

@Shaun Weekes thank you Shaun for your input!

Thanks guys, that's what I initially thought of Eric! If my place is only giving me around 4% I could just sell it and get a different place in MN for less with a higher return. I've seen some duplex go for 180k mind you it might need a little TLC, and probably not the best neighborhood but they rent out close to $3000 for both units minus exps and morgage easily get around $1400 back a month as appose to $700 in Florida...

Wow! I didn't expect feed back this quickly lol thank you guys! So yes it does include taxes and I subtracted 15% for expenses, capex, and vacancy to total 15%. 

we just got a new roof, new wh, and ac just got an overhaul maintenance on it so it's all good...I have my mentor doing property management and I trust him.

Hey guy! This is my first post so bare with me as I am new to this. So I have a property in Delray Beach Florida that my wife and I currently live at. We live exactly one mile from the beach, trader Joe's and a bunch of other stores in the surrounding area, gym, Michael's, new whole foods ECT that we can walk too... We only owe $135k our Morgage is $1350 including $125 HOA. We are moving to Minnesota and we have two options... Sell for $335k and get around $190k net profit and use that to invest in MN (house hack a duplex, buy another single fam,Reno and rent out) or refinance it get $75 and use that to invest in MN and rent out my place in Florida...rent in my neighborhood is going for $2250 maybe I'm doing the formula wrong but the cap rate seems low...maybe $700 a month extra after expenses. Any tips?