All Forum Posts by: Emily Lauren boulden

So I own my rental in Delaware and live in PA. I frequently travel back and forth (about an hour) to check on things, collect rent, and participate in HOA meetings. However I do have a full time day job. I'm a hairstylist. My manager told me yesterday that Delaware was added to the list of states that have a travel restriction. So basically I cannot go to Delaware without being required to quarantine for 14 days. This means I cannot travel to my rental because I can not be away from work for 2 weeks. I understand why it's important but I really don't like it!

New investor here investing In Delaware. Curious about which states are tenant friendly vs landlord friendly. Or if anyone can highlight how to find this info on my own! Thanks

I am 21 and purchased my first property in November of 2019! I bought it to live in but ended up turning it in to a rental in February 2020. My CFOROI is 19.6% with a CF of 213$ and 16,000$ in equity. I feel extremely blessed to have found my way to investing and I think I really found my passion! I’ve been aggressively looking in to my next deal! I want to connect with Investors in my area and start to build a network and even friendships with others who share in my passion!

@Kai Sato-Franks I leveraged my first property and have a mortgage for 55,000$ ! I'm paying it down as quick as I can than taking a HELOC for buy my second property in all cash. I feel more comparable not leveraging allot of money, however in an excessive saver and make good money at my day job where I work very hard so in two years I'll be able to buy a second property

I struggle to leverage to much at a time Aswell! I’m paying for my investments through my day job and can’t afford to mess anything up! Scared of foreclosures or being overwhelmed. Glad your overcoming that thought to produce more money!

A few months ago there was a fire in my condo building. The building is 6 story’s and the fire was on the 3rd floor. My unit is in the 5th. The fireman decided to bust my door down with an axe (along with every other unit in the building) and when doing so swung the door so hard in to my wall it cracked my drywall all the way up to the ceiling.

I’m looking for a contractor to fix the drywall. This will be my first time working with a contractor and I’m excited to start making connections now (bright side haha) so any good recommendation in the north Wilmington area is very appreciated!

@Joe Villeneuve Hmmmm interesting. So would it than be smarter to have a little savings and more properties? I.E more cash flow

I’m a new investor with 1 property under my belt. It is a 1b1b condo I took out a loan for and purchased November of 2019. The loan came to 65,000$. I lived there for a short while and rented it out in February of 2020. In March of 2020 I put 10,000$ towards the principle bringing my loan down to 55,000$.

My initial goal was the Dave Ramsey approach. Pay down ASAP and than mortage a second property. However after doing some reading I’m curious on some other ways of going about it and wanted opinions of other more experienced investors.

One thing I can’t do which I know is a popular and good option for immediate cash flow is take out a 2nd mortage. I’m only 21 and I want to take it slow. I have 17k in my savings right now and here’s what I am considering ....

1-Continue to pay down my condo and have the loan paid off and than take a loan out for a second rental.

2-Save my money and let my principle and interest be the only payment on my condo that I make. Purchase 2nd property in cash and rent that out.

Now it's important to note my 1b1b is rented at 1,000$ a month with the mortage and HOA coming to 690$ a month. My Interest rate for this loan is 3.9%.

So what would you do!