All Forum Posts by: Amanda Groover

Kerry Baird thank you! I told my husband you're on your 30th and he got really excited! Do you invest as your main job, or do you have another job as well?

Hi there, I accidentally posted my intro in the wrong place, oops! Anyway, I joined BP several months ago but was MIA from the site for a while after having my second child. A decent excuse but an excuse nonetheless. I am new to investing, my husband and I are really interested but we just haven't taken the leap and I think we feel a little intimidated. We are flexible/ undecided on what we want though I'm really interested in house hacking/ buying and holding. Currently we are in the middle of refinancing our home and plan to do one of the following: - take a cash out to use as a down payment for a rental property - get a Home equity LOC for the same purpose - try to find an investor with cash We're not sure what the best option would be or what we will qualify for. The bank is so frustrating! They make you feel like if you don't fit in this perfect box you can do nothing. I don't want to settle for that. And I've been a little disappointed with our market where ANY good property we inquire about is pending, just sold to a cash buyer, etc. I think the median here is about 250K but we're looking more in the 100K range, which has been difficult. So we are in that space where it feels like all the odds are against you but we aren't buying into it and we just want to find a way. My husband is a general contractor and I'm a teacher in a flexible position. I think it'd be a good idea to buy a fixer we can do our own work on since my husband is experienced. We have two small children (another challenge to finding time to put work in) and both work full time. Even with our full plates we are really excited and motivated to get started. Our end goal right now would be to have 25-30 properties that cash flowed 300 each. No timeline but I would LOVE to just start with our first of course. I love the BP podcast and the message I hear over and over is to just go for it, to quit telling yourself reasons you can't invest and just get your feet wet. I really want to, it's just unfamiliar territory and I'm not sure if we need to be more aggressive or look in other markets somewhere else or what. I'd love creative input or any words of wisdom at all. Any advice cheerfully accepted. Honestly just listening to the podcast is so inspiring! Just hearing real people be- well, real, is both comforting and motivating. Thanks for reading!!

Hi! I love the phrase "change our family tree." My husband and I are new too and I'm also a teacher! So, nice to meet you and the best of luck. :)

Hi there, I joined BP several months ago but was MIA from the site for a while after having my second child. A decent excuse but an excuse nonetheless. I am new to investing, my husband and I are really interested but we just haven't taken the leap and I think we feel a little intimidated. We are flexible/ undecided on what we want though I'm really interested in house hacking/ buying and holding. Currently we are in the middle of refinancing our home and plan to do one of the following: - take a cash out to use as a down payment for a rental property - get a Home equity LOC for the same purpose - try to find an investor with cash We're not sure what the best option would be or what we will qualify for. The bank is so frustrating! They make you feel like if you don't fit in this perfect box you can do nothing. I don't want to settle for that. And I've been a little disappointed with our market where ANY good property we inquire about is pending, just sold to a cash buyer, etc. I think the median here is about 250K but we're looking more in the 100K range, which has been difficult. So we are in that space where it feels like all the odds are against you but we aren't buying into it and we just want to find a way. My husband is a general contractor and I'm a teacher in a flexible position. I think it'd be a good idea to buy a fixer we can do our own work on since my husband is experienced. We have two small children (another challenge to finding time to put work in) and both work full time. Even with our full plates we are really excited and motivated to get started. Our end goal right now would be to have 25-30 properties that cash flowed 300 each. No timeline but I would LOVE to just start with our first of course. I love the BP podcast and the message I hear over and over is to just go for it, to quit telling yourself reasons you can't invest and just get your feet wet. I really want to, it's just unfamiliar territory and I'm not sure if we need to be more aggressive or look in other markets somewhere else or what. I'd love creative input or any words of wisdom at all. Any advice cheerfully accepted. Honestly just listening to the podcast is so inspiring! Just hearing real people be- well, real, is both comforting and motivating. Thanks for reading!!

I live in Medford and my husband and I would be very interested in coming to a group! I've been fairly inactive because we just had our second son three weeks ago. :) But we are also brand new to investing and would love to learn more. We're hoping to purchase our first investment property within a year (things are a little crazy with a newborn and a two year old at the moment). Anyway, if you do start a group please let me know! I'd be happy to share my email.

Thank you! I only have two true credit cards; everything else is just a bill (medical). So does that make a difference? There isn't a "minimum " for those unless I set up payment plans. I'm wondering if condensing them onto a credit card, then hammering away at that is smarter and will reduce my debt to income or if it's a bad idea to open a new credit card.

My husband and I own our home and really want to break into real estate investment. However, we both have debt. My biggest debt is student loans, but I am a teacher and those will be forgiven in about four years. We have two young children, the youngest who was just born a week ago! So right now we have a lot of medical bills. My husband is very optimistic that we will still be able to get our first rental property this year, but I feel very overwhelmed with our bills. My question is, would it be better to try and pay off each bill slowly, paying what I can on each every month, or getting a new credit card with a higher Credit limit and condensing all of those bills onto one if I'm able to do so? Our credit is fairly good (low 700s for both of us), but I just don't know what the best option is. We are both very driven, and my husband is a general contractor. He started his own business two years ago and is doing very well, but as most of you know small business owners pay a lot in taxes so right now our income level does not look very high. I have really good organizational skills, so we feel like we would make a good team in real estate investing. Just not sure what the best direction to take in order to get where we would like to be in investing and financially. Or if we are ever even able to do something like that. Thank you for any advice and help.