And twenty years later, I can tell you definitively that a lot of guys who worked and worked constantly to do well in their careers for their early years routinely end up running for all they're worth on the hamster wheel of debt and credit, saddled with a wife who can barely stand them and couldn't run a family's finances to save her life.The incredibly stupid things I've heard some of some of my old acquaintances (and family members) doing in marriage sicken me.

I'm an investor from Portland OR, doing mainly fix and flips and the occasional lease option over there.

. $630,000 - 660,000Loan Balance: $470,000Rate: 4.75% on a 30 Year FixedGoal: I am looking to remove MI and take out some cash to pay off the short-term debts used to repair the property.It is my understanding that I have to wait 6 months to be able to do a cash out refi based on the ARV.

It's time to 1031 into less debt, higher cash return and either a different class/location more passive property.

I am located in South Charlotte currently and I have several pending deals in SC that I would like to wrap. I need a rmlo for SC asap and a licensed loan servicing company. Any help would be appreciated. I will blow p...

If your net monthly positive cashflow is 2.5x your personal housing expense plus all other non-mortgage consumer monthly debt obligations, and you are buying cashflow positive real estate, you can get a normal Fannie loan.

I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?

Though the debt is interest free, it still weighs on us especially since it's family.

Mainly a realtor who is familiar with investment properties is preferred. 

Bought it for 56k; paid off student loan and car debt.