All Forum Posts by: Wells Lange

Do 30. You can always pay it down in 15 if you want, a vacancy doesn't screw you as much, and your DTI isn't hurt as bad for future mortgages.

What're your average interest rates on your student debt? If its in the 2-4% range, then I would honestly pay the minimum and try to get properties. Paying down debt that has a 3% interest rate is the same as getting a 3% return on your money. In my opinion, and based on my units, you could do much better than that with real estate. I'd rather have properties giving me a 20-30% return in addition to the student loans at 3%. My $0.02.....

What's FCI? Where are good places to shop for notes?

For that small a job, a contractor asking for money upfront is a huge red flag. I never pay upfront. Say you have a hard rule and explain that they have recourse (they know the address and can put a lien if you don't pay them), but if you were to pay them upfront they could disappear with no way for you to find them...

I'll say what others failed to say...great lookin flip man!

Welcome

What was their relation to you if you don't mind me asking?

Yup. Just 1 year on the VA and you're safe. You just have to prove that you once occupied it as your personal residence then you'll be good. I don't know anything about Orlando rent regulations though

I cashed out my Roth IRA for REI and never looked back. Best decision I ever made. The two projects I've done has made me way more, way faster than the Roth ever would. And the snowball is starting

Depends on what type of rental you have