All Forum Posts by: Jessie Nunley

@Sean Autry thank you for clarifying my comment! You said it much better than I initially did!

@Thomas S. Increasing DP lowers the loan amount which increases cash flow if rent is the same.

@Jim K. You are making a lot of assumptions in your post. At the bare minimum, if you put more down on a house, your monthly cash flow increases because your loan is lower. Very simplistic but it’s true.

@Keesha Duminie I think it all boils down to what you are interested in, comfortability, and goals. For myself and my wife we know that we want to be as hands off as possible so we can still work at the careers we both love (nursing and vet tech). Then we just match the type of investing that allows us to do that and achieve our goals.

@Michael Baradell this is kind of a weighted question. Some people say $100 per door and others will say $500 per door. It’s possible to get even high $ per door but I think those times have passed as many markets are overpriced. You have to consider how much you are willing to use for a down payment with all expenses included. If your goal is $250 per door a 20% down payment may not be enough to get that amount and you may need a 30% DP or 35%.

@RJ Haugen what do you call two doctors who graduated from Yale and Mayo Clinic school of Medicine? Doctor. At the end of the day they are both doctors and one is $350k more in debt.

@Ikaika Farmer education = income. In theory, the more education you obtain the higher your income will be. If you earn $80-100k per year and live off of half that then you can become a millionaire rather quickly (10-15 years) with the right investing.

@Matthew McMahon “a smart investment” is a very relative term. People invest in RE in many different ways and I do not think it is a one size fits all venture. Over $300 cash flow seems great to me. Many people look for a minimum of $100 per door. Do what’s right for you buddy and don’t try to fit others idea of what is right.

@Marisa Rowe the holy grail would be owning as many properties as possible while still being able to enjoy life. Now for my own personal interests I think 10 houses paid off with a cash flow of $1k each would be it. $10k passive income per month would allow me to donate half of my income to charity and still live pretty comfortably in southern Missouri.

@Ashley Sliwa with you being brand new to investing i would be very cautious with hard or private lending. Not a knock on you but you have very minimal education in that area and you could easily get taken advantage of. Just save your own money until you get enough for a down payment.