All Forum Posts by: Kelton Bajo

Nau,

Yes, i am paying myself. The only downside is that i will be loosing on compound interest until i pay it back. My plan is to pay back the 25k withnin 3 years.

Lee,

My goal is to have as many properties as i can for cash flow. With this 4 units i will be having 6 in total. After that i will have to pay off one or two to be able to get more conventional loans. I dont plan on getting commercial loans anytime soon because i dont have too many units to be able to pay off the high interest loans quick enough. I am being conservative but with my 70k down my cashflow for 4 units will be 1k-1200. 

I am new to this. I have read a lot and have listened to a lot of podcasts. So my question is will my 70k be a better investment if i wait and take equity from my two other houses and use a bigger down payment for 8-12 units somewhere else. 

Out of state investment dont scare me because i have two in arizona and with the right tenants i havent had any ptoblems. I doba theral bacground on them.

Hello everyone! Im going to try and keep this simple. I have two rental single house family units in casa grande,az. Both bring in close to $800 cash flow. Equity approx 150k combined.

I have 50k saved and another 20-30k that i am considering to borrow from my TSP (401k) at 2% interest.

My question is whats the best investment i can do with that 70k plus potentially equity from my two other properties.

I have found a 4 unit in texas for 225k with already tenants occupied bringing in $2645 month. If i put down 70k as a down payment my mortage would be $1200. With hoa, managment fees im looking at 1500-1600 expenses. Cashflow of 1k to 1100.

Is this a wise investment? Or should i wait for a better deal? I live in San Diego and I know i have to find a very trustworthy management.

Thank you in advance for your input.

Respectfully Kelton