All Forum Posts by: Drew K.

Hey thanks so much you all for the encouraging replys!  

Thanks for the reply! 

 In December of 2021 I bought a 6 plex with a 5/1Arm loan. Went 15% down on the 150k loan. Now with these interest rates rising I am getting a bit worried how it will all go after my 5 years are up. I know that I should have done my homework better but I am learning and that can cost you dearly I guess.  What are my options? 

Just trust that in 5 years the rates will be ok?

Sell now before its to late?

Wait and see what rates do and try to sell later? If so will there be buyers if rates are high?  

 I just don't see it being a possibility to pay the loan of in the 5 years and yes I am a beginner and this is quite humiliating to admit just how unlearned I went into this but I trust you guys can give me some good direction... Thanks for your help. 

@Dushan Selvakumar

I will put a vote in for DealCheck... Bought my first duplex using it and the numbers came out perfectly... I love it!

@Austin Largusa

Did you end up using Avail and rentastic? Thinking of using it myself just curious what your review would be..

A partner and I are in the process of creating a llc and want to start buying rental properties...we are wanting to be able to pull the equity eventually through a cash out refi or a heloc... I've been reading though that might be hard to do with a llc? What are ganna be are best options to pull out equity eventually? Thanks!

Does anyone have any recommendations for a Partnership Agreement Template for a 50/50 Partnership? I want to do it right..

@Michael Matasich I am in a very similar situation as you were... Just wandering what you got figured out as to not hurting your credit? I do not want to jeopardize buying my potential forever home....

@Murali Ponnaluri I have not tried it yet... Still hoping someone has a review or some thought on it..

Has anyone had good luck with the app Landlord Studio? I recently just heard about it on a podcast... I am in search of a good rental management software so just curious what the reviews of it are.. Thanks!