All Forum Posts by: David Arrowood

@Brenden Mitchum Thanks so much. I have a lot to figure out and I really want to get going with real estate. I think for now I agree with both of you. I need to pay down my old debts and keep building capital for now.

@Sher J. Hey thinks for the info. The HOA is 110 a month and I'm including that in the payment and escrow. I figure I'll only make $100 cash flow on the property so I would just put that to paying it off and own it free and clear in 8 years. I can afford the payment and do most all and any repairs that would need to be done. My goal is to have 30 plus properties buy the time I retire at age 62.

I guess I’m asking should I wait 3 years until I’m debt free other than purchasing my own land/home. I have a great job and make a very good income.

I recently sold my $400,000 home to better place myself for investment in real estate and I want some land a little farther out. So I myself am renting for a short time until I find what I want and or the market takes a downturn and I get what I want cheeped.

Hi I’m a new investor with plans to start full force in less than 3 years.

I found a condo with an active tenant that’s been there for three years and no plans to move. The property is in good condition. There asking $85,000 and rent is $825 a month.

I don’t quite have the 20% down but I was thinking about asking if they would consider owner financing. I would let this be my first property and continue to become debt free within the next 3 years and use this as a learning and jump into investment and own/hold.

Any advice and information would be great.

This is the west of Atlanta Ga. area.