All Forum Posts by: Jerry Padilla

Hi Demetria,

One idea that I had for you. Just a thought... Do you have equity in all your properties? Have they increased in value since the time you purchased them? This may be worth looking into, but if you have decent equity in your properties and took out a blanket private mortgage on these homes and refinanced the homes with a conventional mortgage you could get money out on these homes for a down payment on the apartment. Another idea........ The homes are ten per individual, are all the homes in both of your names? You could consider refinancing into each home with just one of your names individually giving you the ability to purchase more properties - 10 per person.

Welcome to Bigger Pockets! Looks like you are off to a great start! 

Hi Yates Snyder, I am sorry for the confusion. I meant a multi-family that you get for a great deal, or below market value. 

Welcome Jason to Bigger Pockets! 

I wish you the best! 

This is a great site and there is so much to learn! 

I look forward to reading about your future success! 

I would be glad to answer any questions that you may have. 

Hi Krysti, 

Welcome to Bigger Pockets! 

If you have questions pertaining to financing I would be glad to answer! 

Welcome to Bigger Pockets! That is how my wife and I started. She moved to Rochester and we rented out her house. 

I would be happy to answer any questions you have pertaining to financing or refinancing. 

welcome to Bigger Pockets! 

It depends on your situation? Do you have much equity in your properties to do a cash out refinance? I would be glad to answer any questions you have on financing. Good idea starting with primary residence and tiring then to an investment! 

Welcome to Bigger Pockets! 

I am glad to answer any questions that you have in regard to financing. 

I wish you much success! 

Make sure to set up your keyword search. 

Good for you! You are doing great! I love your criteria. I am thinking of the same thing with my next purchase. Right now I wouldn't live in my current rentals. 

I would be glad to answer any questions you have on financing. 

welcome to Bigger Pockets! 

My opinion...... Start off investing now, buy the owner occupied duplex and deal with tenants on the other side. Your dream home will be better down the road with the cash flow you will have! I wouldn't be so worried about paying the mortgage off so quickly..... Interest rates are low and the interest and taxes can be written off on your taxes - reducing your current taxable income. You can write off the improvements that you make to the tenants unit also.

I would be glad to answer any financing questions that you have.