All Forum Posts by: Zach Logan

Thank you everyone I really appreciate all the feedback and different views 

@Zach Logan location is the most impornat in real estate and that need to be kept in mind 

@Randall Alan yes I understand what your saying but as I somewhat inferred, was the 100k property to put it straight forward is in the hood with lower classes tenants no appreciation when the 400k property would be better appreciated and better quality 

My question revolves around purchasing a duplex as rental income and cash flow. Is there a big difference or no difference at all when purchasing a 400k property vs a 100k property? The thought of making a bigger purchase scares me but does it actually matter? If I can purchase a 400k property with  conventional 5% down vs a 100k property with 5% down and they both cash flow say $200 a month. Obviously closing cost would be higher on the 400k. Is there any situation on expenses other than that? is there a difference at all? You would still have the same expense if a furnace broke plumbing issue etc correct? Am I missing anything I want to getting into a better class neighborhood but the number 400 seems so much more scary than 100. I appreciate the feedback if I'm thinking about this correctly or totally out of the loop

Hi everyone I have an interesting situation. There is a duplex on the market I really like. However one side is finish the other is gutted to the studs. If I got a conventional loan on the property my rent for the one unit would have me at about break even for the mortgage. I would not have the funds to update the gutted side it would cost me about 80k and I just don't have it. Would you still go after this property and wait till I build up more capital the fix it? This house would appreciate like crazy and once I had the money to finish the one side it would be a cash cow. So honest thoughts on this situation if it would be okay to not doing anything with the gutted side for a while and leave it. 

Hi I’m newer to investing. I have my real estate license. My question tho is I have 2 paid off rental properties that are worth about 75k each that bring in 1k and 750 a month. The cash flow is just finally starting. I’m looking to buy my uncles property off market for 35k cash. I don’t have the funds and I’m thinking to take a heloc out on one of my properties. Take a 50k heloc out and buy the property for 30k and do the renovations of 20k. I’m not sure what to do after that and what is the correct route to go. Should I flip it and sell it for 80k pay off the heloc and pocket the profit and use it for another deal? Or should I rent it out for what I believe would be 900 a month and just pay the heloc with the rent? What is the better option in the long run. I am 26 years old and trying to set myself up for financial freedom in 10-15 years. I appreciate any response and thank you