All Forum Posts by: Christian Miranda

It raw unfinished land. I’m looking to park some equipment that I have and possibly develop it in the future. Maybe split the property in two and build two houses on it.

Awesome thank you. It’s so nice to have a little help trying to figure things out!

Hello everyone! I’m looking for a lender that offers financing on land. I currently have my eyes set on a piece of property in south Florida that’s going for 90K. I can put about half down, I just need to see about financing the rest. Do any of you know any one that finances those kinds of Realestate transaction? Thank you in advance for any help you can give me. 

 -Chris

That makes a lot of sense to look at it that way. This whole time I’ve been hung up on the thought of trying to save the interest the bank charges over the life of the loan by paying it off quickly then collecting the rent to build my cash back up but having time take care of that in the long run and building equity in the medium to short term is where the real money is. Thank you guys for your advice, I wasn’t sure if anyone was going to respond. 

Yea that does makes a lot of sense. I own a business so my risk tolerance is pretty high but I’m going back to work as an aviation mechanic and hope to be making about $55k/year. I helped my dad invest in a duplex  about two years ago and it’s rented to two great section 8 tenants so I kinda want to follow down that path and also have some passive income eventually. 

Hmmm ok so I should try to acquire properties and see them as free money while they pay themselves off. But isn’t there benefit to paying the mortgage off early? Wouldn’t you save tens of thousands of dollars in interest if you pay it off in half the time?

Hello everyone who is reading this and thank you in advance for any advice you can give me. Ok so here it goes, let’s say that I will soon be able to invest about $40,000/year in Realestate. I’m interested in acquiring rental properties and I was wondering if I should buy a property, in the $250,000 range, and use the $40,000/year to eventually pay the property off then repeat or should I save those 40k every year as a down payment to get a hard money loan once a year and try to buy a new property every year or so? 

-Chris