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Updated almost 7 years ago on . Most recent reply

User Stats

707
Posts
171
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Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
707
Posts

How far do i push it or go?

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted
So started my business about 3 years ago now have 15 houses and 17 units all together. Keep finding really good deals everyone is telling me and I should keep going. Easy to say when its not your money or business. So I have 300k line of credit available right now gonna use most of it to finish up rest of my properties and once done will have 500k available to use with around 424k debt and 1.1 million worth. So i keep finding deals with my direct mail and every marketing avenue i use. But I wonder are these properties really worth what the appraisals are coming back for and what my real estate agent is saying they are worth? Seems to good to be true really. Do i keep going and buying and renting or do i hold off and slow down? Please help feel crazy here. Alot on the line i dont know i need help. Any input would be great?
  • Joshua D.
  • Most Popular Reply

    User Stats

    86
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    54
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    Skylar Simpson
    • Specialist
    • Salem, OR
    54
    Votes |
    86
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    Skylar Simpson
    • Specialist
    • Salem, OR
    Replied
    Originally posted by @Joshua D.:
    So started my business about 3 years ago now have 15 houses and 17 units all together. Keep finding really good deals everyone is telling me and I should keep going. Easy to say when its not your money or business. So I have 300k line of credit available right now gonna use most of it to finish up rest of my properties and once done will have 500k available to use with around 424k debt and 1.1 million worth. So i keep finding deals with my direct mail and every marketing avenue i use. But I wonder are these properties really worth what the appraisals are coming back for and what my real estate agent is saying they are worth? Seems to good to be true really. Do i keep going and buying and renting or do i hold off and slow down? Please help feel crazy here. Alot on the line i dont know i need help. Any input would be great?

     Good stuff man - so what's your primary goal as an investor? Buy and hold for passive income? Are you looking to sell all these properties soon?

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