All Forum Posts by: Daniah Koujak

@Steve Vaughan I don't know that that would be a good option for me right now but I like the idea!  My sister already lives with me at my place and I can't add on. Buying something in this area with an additional unit wouldn't be in my price range right now. 

@Joehn B.Yes! I think partnering With an investor would be a great option and would feel a bit less stressful for me. I do have a roommate (my sister) but my expenses in this house are so high. For example our HOA is almost $800 a year (we have no amenities). They say it's because I have a septic field that has to be mowed twice a year. Part of me wants to sell this house, take the money and run but I love the area. I can't find anything to move to in this area so I'm staying put for right now.

I do like your suggestion of partnering. Thanks! 

@Joehn B.I would be interested in flips but i'm so intimidated by them. I know tons of contractors but they are all booked out (the quality ones). I think part of my issue with jumping in is the unknown of a flip and the amount of capital I would need as opposed to buying a (almost) move in ready home to rent out long term. 

 @Randall Alan Yeah I was thinking about how the interest rate is going to affect my efforts. I see so many guys in my area who are real estate brokers buying property after property and I really want to stop wasting time and do this for myself. Like I said in my reply to Kevin, I'm going to have to just get my goals set and keep saving. Thank you for replying. 

 I was desiring to do a long term rental or an airbnb if I went for a small property on the coast. I do need to figure out exactly what I want to do so I can set some clear goals. 

Hi! I’m a 36 year old single mom and I’m a real estate broker. I know how to buy an investment property but I’m having trouble figuring out how do that with my financial situation. I would really love if you guys could help me figure out where I should pull money from or if I should just continue to save and not take out equity. I own a home and owe about $300,000 and it’s worth around $425,000. I have a small amount of money saved as well. What would you do in my situation to make the money work for you?