All Forum Posts by: Amy Dan

Thank you for your thought, Rachel:)

Thanks, Rita. We will check it. Looking forward to meet other people in this field. 

Hi, Ashley. We are thinking the same thing, that's why we are reluctant to go with the 55+ communities. And most of those communities have high HOA. Thank you for your thought:)

Hey, David. Happy for you:) The main reason we want to start with condos is that the price is not that high, and the rent can be good. We have limited funds for the down payment, doesn't want to be too tight with cash. Hope we can land and close our first deal soon, too. Thank you:)

Hi, Niels. We are looking for condos, or at most townhouses. The sfr here is way beyond our budget and doesn't make that much sense to buy and hold. So far, we are just looking online every day. I read some books about real estate investment and keep reading blogs on biggerpockets every day. We want to start small, being conservative and careful:) Thanks

Hi, everyone. I am Amy. I and my husband Ray live in Broward County, South Florida. We are looking to buy our first rental property. The house price down here has already climbed a lot. But we do see some condos are cheaper in the 55+ community. As long as the neighborhood is fine, is it good to invest in those 55+ communities? Thanks.

Hi, Brian. Thanks for your suggestion. We have around $100,000 equity sitting in our primary residence with current market value. But we also have $52,000 mortgage. We just have $20,000 cash reserves. 

Hi, everybody. I am Amy.I and my husband Ray live in Broward County, South Florida. We are thinking purchasing our first rental property within next six to nine months. The price of the homes down here went up a lot in the last four years. We have some cash reserves but we don't feel comfortable to use all that just for the down payment. We also have a HELOC with $40,000. Should we cash out refinance out primary residence to pull more cash out or should we just use own cash reserve+ HELOC for next down payment and any extra fees? Thanks for your help.