All Forum Posts by: Eddie Sorrell

Thanks @Account Closed so your approach would be to pay down the debt and then look at scaling once the current property is paid down? 

@Account Closed That is a very good point. It would likely hurt my cashflow and since cash flow is what I am after your point is a very good one. Sell and do a 1031 for another property or several that may significantly beat the cashflow of this one property?

Thanks @Bob Green

Thanks JD Martin

I have the opportunity to close on our first four-plex tomorrow! When is the right time or is there a minimum amount of time I need to consider before a refinance and cash out to invest in next property. Our goal is 20 doors in 5 years or less. Scenario: Purchase price 260,000 Loan amount 208,000- yes the cash required hurt me a bit... Property appraised @ 325,000 Current cash flow 400 after all mortgage, insurance and operating expenses Opportunity to raise rent with new lease terms for additional $400, which could lend to $800 per month cash flow. Given this scenario and that I have a 25 year amortization with floating rate when would you refinance?

Joshua Feit give this firm a call. I have worked with Ty Jordan on a few things and they know their stuff. http://www.jordanlawfirmllc.com/

Hi Justin, You may want to give these folks a call, they are out of Atlanta and South Carolina and know real estate investing. Always best to find partners that are experts in our field. https://attawaylinville.com/

@James Wilcox thanks again for all of the support and local group references. Looking forward to meeting you in person.

@Dmitriy Fomichenko thanks for the pointers and I will be sure to follow through with each of these. Best to you as well!

@Jacob Brattain I would absolutely be interested! Thanks so much for the warm welcome. I will direct message you.