All Forum Posts by: Danielle Wolter

I have money, some hustle (I work full time so I'm limited to about 20 hrs/week hustle), and I'm getting more knowledgeable by the day. I want to get enough knowledge so I don't lose the money!! And getting knowledge takes hustle LOL.

Wish I could make it, but I'm already committed Saturday! Hopefully I can make future events. 

@Chris Gundersen Welcome to BiggerPockets! I'm not in Chicago, but wish you luck - lots of great info around here.

It depends on the market. Here in San Diego, my properties have very low cash flow after debt service (one is negative - let's not talk about that right now) but in a market like Memphis (where I have been looking for properties), I look for $200 after debt service.

It also depends on your goals and risk aversion.

@Doug Schorr Have you tried smaller credit unions or different banks? The closing costs seem a little high to me, but the rates don't seem all that high for a cash out refi on an investment property. But then again, I am not an expert, I've only financed a couple deals. 

It does depend on your goals.

Personally, I like to keep a diversified portfolio, so I'm invested in index funds as well as real estate. If it were me, I'd take out HELOCs on your investment properties and use that to fund additional investments. I don't like to take additional risk on my personal residence as I'd like business and personal assets to remain separate.

However, it really depends on what your goals are.

I also don't know anything about the Illinois market, so I can't help you there. I invest OOS as I'm in California and it's difficult to invest here (at least for me).

Welcome to BP @Brad Battle! I used to live in Dallas and still go back every year to visit family - it's a great place. There are so many different areas, I'd recommend focusing in on one like @Lucia Rushton recommended. Good luck, there is a wealth of information in these forums. 

I'm with @Michael Evans! If all the numbers are correct, this looks like a great deal to me. 

Welcome @Jazmyn Wade! I am just getting to know the Memphis market myself (I love out of state). There is so much helpful information here in the forums, and I know a lot of people invest in Memphis that are very experienced. I'm headed there next week to check out some areas and meet some people.

Welcome to the site @Riley Jordan!