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All Forum Posts by: Cory Wallace

Cory Wallace has started 2 posts and replied 51 times.

Post: Clayton Morris Loses $7.2 Million Lawsuit against HoltonWiseTV

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@James Wise I appreciate you speaking the truth and putting him on notice.

Post: BRRRR with hard money

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Pete Storseth if I understand correctly what you’re saying. You refinance with a bank or credit union and that pays back the hard money

Post: Out of State investing in Akron Area- good or bad idea?

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Brian Garlington is AllStar Management working well for you?

Post: Quick Method to dismiss or look into rental property

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Michael Ealy please send it to my inbox also

Post: Finally Closed My First Deal!

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Skyler Wheeler congrats on taking that first step. A lot of people do not do it.

Post: Heading to Cleveland, Recommended Areas

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Michael Choe I am from the Cleveland area and there are decent areas on both the west and east side. You also have suburbs like Euclid, South Euclid, Garfield Heights and the Waterloo district is going through gentrification. Hope this helps.

Post: If you have less then 20k, you shouldn’t invest in real estate

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Shiloh Lundahl what would be your solution to save for someone not in that position. I don’t agree with your number although I do encourage people to have reserves. If someone reads your post the wrong way this will discourage them to invest. Let’s be realistic how many people can easily save up $20k

Post: If i buy a new house should I sell my residence or rent it out?

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Jon S. This sounds like a good problem to have. I would say if you’re not looking for the multi-unit, I would rent your primary residence out and continue to receive the cash flow. You own your home free and clear so you have the option of using the equity in your house without selling it.

Cory

Post: Investors In Virginia

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Devon Cooper I am. I’m in the Hampton roads area.

Post: Should I use my VA loan on my first investment?

Cory Wallace
Posted
  • Rental Property Investor
  • Norfolk, VA
  • Posts 53
  • Votes 38

@Scott Kelly that isn’t against the rules. As long as you owner occupy for one year you met the obligations.