🐂 EVENT of the month….

Welcome to the community, Nate! 

Open to seller financing options.

I can buy a LTR for cash that I can make for than that per year with much less work.I just bought a house at auction that I paid 32k for that will easily rent for $1500/month.

I’ve definitely been stuck in analysis paralysis, now I feel I really need to make up my mind and target purchasing my first OOS property in the next few months.

As the equity grows, so does the cost of the property to you. 

We have no problem paying but want to see value.  

Good luck to you!

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

I am estimating to generate $8k per month net profit, on the low end.