All Forum Posts by: Yesenia Padilla

@Joe DiGirolamo would you mind sharing a copy or your lead form? 

@Angelo Argentieri what systems are you using to source leads?

@John M. Thank you so much! I think the 50% rule will help me make a final decision.

@John M. Yes this thread was very helpful to this newbie lol. I'm currently going back and forth on what my next move should be. I currently have 3 properties 2 of them are rentals and have a decent cash flow and have over a ton equity..... but itching to buy another property in an area I love and rent my current home. My concern is would I be leveraging myself too much? Should I pay down debt first (only debt I have is mortgage and car payment) and save until the market goes down? Or do I go for it if I find a killer deal. I'm so torn.

thank you @Thomas S. and @Dustin Beam. i agree first step is i need to figure out exactly how much cash flow i am ok with  after expenses and then i will know how much to take out of the properties. 

@Brent Coombs thank you for your reply. sorry what i meant is to save for a down payment or cash out refinance again. I feel the smart answer is saving for the down payment but that could be at least 5 years unless I can come up with the funds sooner by finding a property to flip. i just dont want to make the wrong decision and regret it down the road.

I am looking for some guidance on what my next move should be. I'll list my goals and what my small real estate portfolio looks like and my hope is you all can throw some ideas out there to help me reach my goals sooner rather than later overall goal - I am 36 and would like to fully retire by 55 - want to cash flow minimum 10k from rentals by the time I retire - would like to purchase my forever home within 5 years. I am located in northern california. - I'd like to leave my 9-5 job and focus on REI full time - I'd love to also purchase properties to flip as well current situation - own 2 investment properties, total 3 units - i have roughly 400k in equity including my primary home - I did a cash out refinance on 2 properties last year to help buy the third. like I mentioned above I am just trying to figure out my next move to help me get closer to my goals. thank you in advance.

@Syed-Shawn Azam thank you so much for sharing. and congrats!!! I am a newbie and also located in Roseville, Ca. i'd love to connect with you to share ideas.

Congrats @Matt Shope . I can't wait to close my first deal!

@Andrew Holmes & @Brian G. Thank you both. Sorry for the late reply. I'm still pretty new to this site and just figured out how to view my discussion board. I appreciate your help and have decided to take advantage of the equity in my 2 homes. I still need to learn how to analyze deals to ensure I get a good return on my money. quick question though. I have an emergency savings for 1 of my properties that will cover at least 3 months of vacancy and about 3k for unexpected repairs. it seems easier to to have a savings set up instead of allocating a % from the rental income each month. is this a no No? what would you think a safe amount to have saved for each property Would be? Or what do you reccomend?