All Forum Posts by: Mario I Anaya
Mario I Anaya has started 1 posts and replied 5 times.
Post: Significant Other Hesitant to Get Onboard

- Los Angeles
- Posts 7
- Votes 0
Hi Ryan,
I will share my experience. In 2019 I got a HELOC of $165K. After paying some debt, I bought two rental properties and paid cash. Paying cash for them was a mistake. I should have leveraged myself instead. Once I realized this mistake, I refinanced these two and bought two more. Although we are paying for the HELOC, property management, repairs, mortgage, taxes, and insurance, we still have a positive cash flow. In addition, the properties have gained $150K in equity. Not to mentioned that our tax bracket went from 44% to 12%. We are currently refinancing our primary home to reposition ourselves. We want to invest more in 2022.
At first, my wife was unsure of getting the HELOC to make the investments. I believe what changed her mind was introducing her to financial education. The BiggerPockets podcasts are a great resource for educating all of us investors. The fear of the unknown can paralyze mentally and physically. The Rich Dad Poor Dad book is a great read and start. Another favorite of mine is The ABCs Of Real Estate Investing.
Investing in real estate is the best thing I have ever done. Having my wife as a business partner has been extremely critical. If your wife comes on board with you, your financial future will be brighter.
Post: Newbie investor in Memphis, TN needs to rehab whole house

- Los Angeles
- Posts 7
- Votes 0
@Curt Davis, sure thing. Is there a number where I can text you, or is there another way that I can send you the address?
Post: Newbie investor in Memphis, TN needs to rehab whole house

- Los Angeles
- Posts 7
- Votes 0
@Koleton Daley, thank you. My current property management company is Enterprise Property Management in Cordova.
Post: Newbie investor in Memphis, TN needs to rehab whole house

- Los Angeles
- Posts 7
- Votes 0
@ Curt Davis, I appreciate your response. I have reached out to my property management company. They have provided a rent-ready estimate. I am looking for a second estimate to compare quotes. I am very excited about Memphis Real Estate. I am going to continue to invest there.
Post: Newbie investor in Memphis, TN needs to rehab whole house

- Los Angeles
- Posts 7
- Votes 0
Hello experts and alike, I have purchase two properties in Memphis. One is rented already. The other was bought on an online auction. The house is now vacant and ready for a major TLC. All of the rooms need to be touched.
- Does anyone in this forum do remodels, and is willing to give me a free estimate?
- Any suggestions on how far to take this remodel?
- What are the remodeling trends in this area?