We are currently doing a cash out loan for a couple of properties here in MA to provide the down payment on a few more multi-families( specifically units over 1000 sq ft with 3+ units for the property).We are self managing for purposes of re-allocating those budgeted management funds to principle payments until we decide to distance ourselves and hire managers. 

This method allows you to use the same principle investment, after a cash-out refinance, to invest in other properties.

This method allows you to use the same principle investment, after a cash-out refinance, to invest in other properties.

The current rent covers the mortgage/interest/taxes/insurance but we come out of pocket the HOA fee (it is a townhome) we eat about $350 a month but we are currently clipping about $1000 of principle a month. 

I think out of principle, I wouldn’t decrease the rent for a prospective tenant who asks.

Hi, I’m looking into a couple of properties in the Indianapolis area, I’m hoping to close on one soon and I have another that I’m setting my sights on, my question is it worth having an LLC while only having 1-2 properties?

-------------------------Borrowed amount: $107,000Investment Term: 8 Months ( I could probably get the refi within 6 months)Loan Type: Interest OnlyInterest Rate: 7% per annum Monthly Interest Payment: $624.17Estimated Total Return: $4,993.36Remaining Principle: $107,000.00Any feedback would be appreciated! 

I use to follow Dave Ramsey's principles to pay down debt but then I read something very profound "the number one wealth building tool is not income, it's time)".

Purchased sight unseen!

The majority of them are not going to be big investors in anything,  but need Dave's basic principles of money management as they start their adult lives- which is basically don't buy things you can't afford and stay out of debt.