All Forum Posts by: Waqar Yakoob

Thanks you guys. I must say I finally found a place where members are responsive and respectful and I feel I can share and get timely advice. I work for wall street and motivated to do / explore different things beside my day job. I will reconsider taking 30 years vs. 15 and run my cash flows. Anyone knows a good property management company in Charlotte area, that is good at their work as well as reasonably priced?

Thanks you guys. I must say I finally found a place where members are responsive and respectful and I feel I can share  and get timely advice. I work for wall street and motivated to do / explore different things beside my day job. I will reconsider taking 30 years vs. 15 and run my cash flows. Anyone knows a good property management company in Charlotte area, that is good at their work as well as reasonably priced?

I have home equity line that is completely untouched for any unforeseen circumstances. Also, my savings / liquid cash in stocks are sufficient to take care of any mishaps. 

Ballantyne area 

Thanks, Mike. Cash reserve is not an issue - can afford vacancy if needed. My plan to have two properties a year to build a portfolio of 20 over 10 years so that I can retire peacefully. Just wanted to make sure if this is good business model to play aggressive with 15 year mortgage. Most investor would say if property does not pay any positive cash flows, it is not worth investing. My take is my cash flow is my aggressive principal payment. What is your take Mike?

Hi Everyone - Hope this weekend treats everyone well. I recently got into a real estate deal. It is a town home located in top school district in Charlotte area. I put 20% percent down with 80 financed on 15 year mortgage. The rental income on this property will be able to cover property taxes, HOE (monthly association fee), maintenance cost and P&I on 15 year mortgage. I am not expecting any positive cash flows as my cash flow will be to build more equity as principal is paid down aggressively from rental income on 15 year mortgage. 

Question - is this a good business model to finance rental properties given there are no cash flows but produce long term wealth. Will appreciate insight from professional who have already been doing real estate investment business. Thanks again!!

Hi everyone, Thanks for giving me this opportunity to be the member of this community. Given I am new here, first question. 

I recently bought a rental property in a top area in Charlotte with 20 percent down and 15 year mortgage. The property will not produce positive cash flows. However, rental income will be able to take care of property taxes, HOA (fee), home insurance and P&I on 15 year mortgage. I will not get any positive cash flows, possibly few dollars will go out of my pocket. However, my saving is essentially going to be the principal pay down on a monthly basis and hopefully end of 15 years, I will be in a sweet spot.

Wanted to check any expert thoughts on this model for investing in rental properties. 

Thanks everyone!!!