As prices continue to skyrocket in Durham, Morrisville, Cary, and others, we have expanded our radius to find profitable opportunities elsewhere. 

I'm curious what the negative impact of buying a used car (all cash, upfront) would be on my mortgage application.If I'm not financing the car, I won't be taking on any additional debt, so I don't think it should have an impact on my DTI.

Every day while working out, walking the dog, or driving in the car I put on a new podcast and learn about the successes and failures of some incredible investors.

My plan is to simply open the door for the appraiser, give them a print out of the scope of work so they know about all of the renovations that have been done, and then go out and wait in my car. I

She had a double deposit that covered most of the losses and we went our separate ways.One month later, that same tenant was living in a comparable apartment for a comparable price and driving a brand new car. I

Everything I'm looking to rent is below 1/3 of my monthly salary and now that my car is paid off I just have $15k of student and credit card debt to take care of! 

@Cary OgelloI think whoever have rentals is surfing in a great environment.

@Cary Ogello good point.

@Cary Ogello thanks Cary!

After paying off the entirety of my credit card and buying a used car, I plan on using the rest to invest in real estate (will be roughly $115-118k).