All Forum Posts by: Michael Jones
Michael Jones has started 9 posts and replied 44 times.
Post: Help me analyze this deal (deal or no deal)
- Real Estate Agent
- Oklahoma City, OK
- Posts 50
- Votes 17
Deal or no deal
Post: Help me analyze this deal (deal or no deal)
- Real Estate Agent
- Oklahoma City, OK
- Posts 50
- Votes 17
*This link comes directly from our calculators, based on information input by the member who posted.
Post: How I made 144K in 21 Months House Hacking
- Real Estate Agent
- Oklahoma City, OK
- Posts 50
- Votes 17
Very inspiring!
Post: How To Get Started WITH No Money?
- Real Estate Agent
- Oklahoma City, OK
- Posts 50
- Votes 17
@Sheila Campbell...If you have debt I would recommend a debt snowball payoff. Then work to save some money while doing this. I used Dave Ramsey to get out of debt in 32 months, sold my VA loan house after 5 years and now I have about 30K to invest in Real Estate. Also as a result of paying off debt I can save over $1500 a month easy. Consider renting out your house and getting a FHA loan for a duplex that requires 3.5% down. You can rent one side out and live rent free in the other one. Then after a year or so you can rent both out and repeat with another property. Also try to find a private lender for no or low money down. Plenty of options. Listen to this podcast for some great ideas as well... https://itunes.apple.com/us/podcast/biggerpockets-money-podcast-how-to-invest-for-financial/id1330225136?mt=2&i=1000431021095. It may take some time, but you can do it...