All Forum Posts by: Isiah Ferguson

Cashflow as after all expenses are paid. As far as ROi meaning 0 to minimum money into an deal, which can be high ROi but very low monthly cashflow after property expenses are paid. I thought the goal was to extremely increase your passive income regardless of ROi ? 

What’s more important CASHFLOW or ROi ?

Absolutely, I've been to 2 different banks so far in regards of getting a HELOC on my rentals. We were told NO both times because this properties are rental properties and not my primary residence. I was told, my only options are to take a loan against the property or refi.

Thanks, I appreciate the feedback. I know I'm super blessed to be in position. The beauty of REI is that, the diversity & different options we have. Me & my wife will consider a HELOC ( aka Business Line of Credit reason being because these are rental properties & not my primary. ) With the Line of Credit will have the benefit of being free and clear & funds too pull from in case if a deal comes our way. Until we reach a point where we comfortable mentally for leverage and/if we ever decide too. It's like best of both world's until we definite about our future goals.

         Thanks to everyone for the feedback. It seem like there's is no wrong answer here. I've been struggling with this for some months' now. I've heard success stories of investor's who use plenty of leverage & great stories of investor's who use ALL CASH. At this moment in my life impulse is telling me to leverage & my gut feeling is telling me to stay patient for potential ALL cash deals as I build up from the rental income. Moving forward, I will pray on this.

What's going on people? I need help with my business strategy. I have 2 rental properties which are free and clear. I'm sitting on at lease 225k in equity. Having properties free & clear for 2 years now has been so great and comfortable for me. Honestly, I haven't been putting the money back into the business. I sorta created a lifestyle relying on the funds from my rental. I'm in the process now as far as scaling back monthly payments in a way I don't have to spend my rental income. It's like I'm a spoil investor. I swear I want too leverage but I think it's a mental thing. I'm sorta scare because I came too far in life to lose my equity. I come from the projects and I can't afford to take any losses lol. I will like to leverage to scale up my business & purchase more doors. Also, to be in position to buy in case of a down turn in the market. ANY advice ???

Keep this deal free & clear. I have 3 units free & clear. I struggle with if I should refi or not. I'm 2 1/2 in real estate and still learning. Being free and clear, I can sleep like a baby at night compared to being leverage. Maybe 1 day I'll refi but maybe not. I love the chunk on cash flow I see every month.

 Thanks for the response. Does is matter if it's a Quiteclaim deed or warranty ?

How do I transfer my rental property from my personal name to my LLC ? Quitclaim deed or warranty deed ?

START NOW king. Everyone has there own path in this business, there is NO right way. Getting started is the best thing anyone can do. Grow through the head-aces of uncertainty and you will not lose. You either WIN or you LEARN. Personally, in your situation I would buy at-lease an 2 - 4 unit property. Live in 1 unit and rent out the others. In this case, you mitigate you living expenses or potentially live for free w/ cash flow in your own space. At this point, continue work your JOB and attack your student loans. As time go on, you can scale up as you may.