All Forum Posts by: Jason Lowery

@Amy Beth thanks for the input. To clarify, my neighborhood has two HOA pools but also many properties with private pools. They tend to sell on the higher spectrum of sales in my neighborhood - so in my situation it would likely appreciate.

But like I said, I am using the equity for investments. We have decided to complete the design of the project and phase it in over several years. I appreciate everyone’s helpful advice!

Thanks for the replies. On top of my own skepticism this deal is located about 4 hours away. Great feedback. Have a good weekend!

I am analyzing a low-income rental(s) deal I stumbled upon yesterday. All properties are under the same LLC, sold as a batch only. The current monthly combined rent is $5,745 although I'm still trying to find out if any properties are vacant. If anyone would like to run their eyes over the attached report and poke holes in my assumptions I would appreciate it. Also, any other advice from anyone with experience investing in low-income properties feel free to school me.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

It’s not just about the swimming. My neighborhood has two pools I already have access to. I plan to be patient about the pool idea. But my original question was asking for clever ideas for getting both.

Matt K. That is the kind of idea I was hoping to hear. Thanks! I do appreciate everyone’s advice so far.

I currently own a home in the greater Atlanta area. I have a decent amount of equity in my home considering I have not owned it long (~75-90k) and was planning to use this to install an in-ground pool in my backyard - something I've wanted a long time. With rates on the rise I figured cashing out the equity now is the best timing since I can still get a good rate (already locked one down), and housing will hit it's peak. On the other hand, I may have an opportunity to scoop up several low-income properties which are already cash flowing. 

Funny how this opportunity came immediately after we decided to move forward with a swimming pool.

I'm torn between buying property or making my backyard more amazing than it already is. One decision could bring cash flow, and the other - property appreciation (and lots of fun). 

I know the Kiyosaki's of the world would say "buy assets!" - but I'm wondering if there is a strategic way to have both? To kill two birds. 

Surely someone has faced a similar situation. 

I would like to come to the next gathering.