Updated almost 10 years ago on . Most recent reply
Whats next for me?
I just bought my triplex 1 month ago. It was a foreclosure that was vacant and I got it for 145,000 I put about 3,000 in cosmetics repairs and I'm renting it out at 700 a door, so 2100 every month. I got financed it with a FHA loan and only had to put 5,000 out of pocket. My question is, how early do you think I can do a cash out refinance so that I can have money for another purchase. I have the property and I have a year worth of reserves but I don't know what my next move is in order to expand my portfolio. What would your recommend?
Thank you for your time,