Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

120
Posts
24
Votes
Brandon Duff
  • Investor
  • Dallas, TX
24
Votes |
120
Posts

When are you too over levaged?

Brandon Duff
  • Investor
  • Dallas, TX
Posted Oct 31 2017, 15:07

Ground work:

Purchases: 

2015 SFH1 purchased 3/2 118k rents for 1100

2016 SFH2 purchased 3/2 122 rents for 1100

2017 (10/28/2017) closed on first multifamily (4plex) for 268k 12k in repairs expected rent per unit is 800 but looks closer to 900.  2/1 

Used 40k from refinance from SFH1 to use towards part of the Down payment for the multi family. 

SFH1 debt is 129k worth 172k 

Mortgage is 700 now

Rents for 1100

SFH2 debt is 96k and worth 160-170

Mortgage is 638

Rents for 1100

MF1 debt is 201k with 300k

Mortgage 1500

Rents for 3200-3600

My question: 

I currently own my own training company it is just me. 

At what point do you start paying off debt or stop buying properties.. like how many mortgages do you feel is easy to handle feel you won't over leverage. 

Loading replies...