All Forum Posts by: Lauren Nguyen

Very nice! Congratulations!

I'm very new here but have done a lot of reading. I know some follow "creative" financing strategies, however, I am not much of a risk taker and am hoping for minimal risk. Our goal is to buy and hold to allow for "mailbox money" in our retirement years. Because I am conservative with my risks, I was seeking traditional routes for lending. I contacted the bank today and was pre approved for 20% down and 5.125% for 30 years fixed. I thought that sounded pretty decent considering this is an investment home and only about one percentage point higher than my primary mortgage. What say ye my fellow investors? Am I silly for tying up 15% in a down payment? We're looking at probably no more than a $75,000 home to start with and of course hope to purchase more as time permits. Thanks for your insights!

Thanks for sharing your story. I'm also a Dave Ramsey fan (modified version of course). That's why I'm struggling with purchasing a rental that would put me further in debt. I'd prefer to buy one as cash, but would have to wait several more years to do that. Decisions, decisions. But again, thank you for sharing your experience and thank you for your service and your family's sacrifice for our country.

Welcome!  I'm also new to the site and to learning about real estate investing and am also from Acworth!  Perhaps we'll see each other around as we learn. Best of luck!

This is a great thread. I think I have a bit of all of the fears mentioned. Jonathan, you really hit the nail on the head when you stated that this is a balancing act and that we want to take action to learn but that for now the action should be studying and networking as much as possible. I'm not good with networking.  I have a fear of people taking advantage of me. It will be very difficult for me to build a team as I pride myself in being independent, yet I have already experienced the sellers reluctant to speak to me without representation and the banks not taking me seriously. It's hard!  Great thread though. Thank you everyone for all of the posts. 

Thank y'all for the welcome!  My husband and I have done a lot of reading and his mom owns several rentals so we have some experience (although quite limited).  

Hi! I'm a new member from Acworth, GA interested in buying and holding rental properties in the North GA area. I work full time outside of real estate, so for now I am just dipping my toes in to test out the waters. I'm anxious to learn from others and am hopeful that others can learn from my experiences as I begin. My husband and I are hoping to attend some of the local REIA meetings in the coming months. Thank you to all who participate in the forums. I've been lurking on the site for several weeks and have already learned so much.