Q: Should I pay an extra $500 on my principal on my primary residence or save it towards a rental property? Overview: New homeowner, $120k income, ~7K monthly net income after deductions (Roth max, 401K, healthcare), ...
Need some advice, here are my scenarios.
Option 1 – Regular Saving/ No new action
Save approximately $7,000 per month. To reach the same $90,000 would take almost 13 months of savings.
Option 2 – Cash out / Buy q...
Edit: Just read ahead and found out that it's the product of the # of units, the cash flow and the time. Nevermind, I understand now.
In Brandon Turner's book on rental property investing, he does a calculation that ...
My husband and I own a SFH- it’s a ranch 2/1 with a 2.75% interest rate. We owe 200,000 on it and have $100,000 available to us via a HELOC. We make a very modest income (about 80,000/year) and have 2 small children. ...
I would like some ideas to accelerate purchasing investment properties that isn't just saving as much money from my full time job and setting it aside to get that next 20% down payment for the next property. Some cont...
I’m a new investor and just this week, after about a year and a half of saving and learning, have just put my first property under contract (fingers crossed)! It’s no homerun but it will cash flow and has me thinking ...
Still working on getting my first deal and I know I've read and heard that you should always pay yourself first when taking your monthly income from tenants but how do you do it without getting nervous? I know how to...
Perhaps someone can help clarify my thinking on a financial question.For this discussion let's assume we're talking about a $100,000 30 year fixed rate mortgage at 5% with a payment of $536.82 per month.Not that you w...
I was hoping to poll those willing to share on your personal practices for keeping reserves as buy and hold investors. If you are willing to shed some light on your philosophy behind your practices that would be even ...
Hello!
My husband and I have saved up enough to pay cash for our first property, which we would like to live in for a short time (~1 year) before getting another property to move into and renting out the first prope...