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Updated about 8 years ago on . Most recent reply

User Stats

30
Posts
21
Votes
Justin Garrett
  • Rental Property Investor
  • Hays, KS
21
Votes |
30
Posts

The loaded question! Should I continue investing?

Justin Garrett
  • Rental Property Investor
  • Hays, KS
Posted
Hello BP, So I close today on my first house I ever purchased. I will making 156,878. Wow that does look nice to type out but I didn't go in to this looking to make that kind of money I would say I just was lucky right place right time ! But now what I already have another rental in Kansas that makes around 300 a month but the market has slowed down a lot because of oil prices. It's my home town market though that I know like the back of my hand I could buy with a 15 year loan and still make a few hundred a house but not being local is that really worth it. I would love like most other investors to get in to an apartment deal but I don't think the 156 thousand will take me far. Should I just shelf the money maybe wait for another down turn that will happen but don't know how long that will be. I just hate watching money not do any thing.

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