All Forum Posts by: Cody Wojasinski

Thanks for the advice, definitely helpful.

Hello Amy! I am lucky enough to turn my current home into my first rental property because I am moving back home to south Alabama. A Network group for Alabama would be great!

Hello all! Not sure if this is the correct forum for this, just looking for advice. I am moving away from Florida and have to opportunity to turn my first home into a rental / investment property! Not by choice either, id have to pay a ton out of pocket to sell it. Any ways, should I take the income from the property and pay on principle to eventually be able to refinance and turn it into a higher income property, or better be able to make a profit off of a sale down the road and invest that into properties in the future? or take any income and save it to put towards a second rental property from the start? Im looking about 120 a month in income from this property. Any advice is greatly appreciated! Thank you.

Not sure if this is the best place for it. I'm currently saving money for a down payment on a rental property and while I do my research on deals and homes I and across a 4 unit multi family for 90k with tenants. All of which are 1bd 1bath units. How easy is it to fill I bedroom units vice say a unit that can accommodate an entire family? Just looking on any ones advice about multi family homes ect. I've also found some 2bd 2.5 bath multi family homes in a college town for 185k. Just not sure what I should aim for. 

Hello every one. REI is something i have been thinking about for a long time and im looking for anyway to get started. I am looking more towards rental properties as id eventual like to have enough passive income to live off of. I have ZERO money to do this, how ever i have an idea but am not sure if its feasable or wise to do so. Im looking for properties listed well below market value, and then want to find a hard money lender to put up the cash. I want to find a property that is listed far enough below the ARV so that the money put up by the lender will cover closing ect and then i want to do a cash out refinance for the value of the property in order to pay what is owed to the lender and then have a little extra money in order to put a down payment on a second property. Is this smart and could this work? Again, i have never done anything like this but the idea is to get through this with out any money of my own, Suggestions or advice would be very much appreciated!