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All Forum Posts by: Maurice Norville

Maurice Norville has started 1 posts and replied 3 times.

Post: SALE OR RENT OUT (first home)

Maurice NorvillePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 3
  • Votes 0

@Tracy Uscinski

Thanks Tracy think working on putting more toward my car would be best. I owed more on my last car then it was worth so it added on to this one. So I am definitely under. Also I will be keeping my job I work for the post office as a supervisor so won’t be hard for me to transfer , I’ll probably work till my time is needed more in my property.

Post: SALE OR RENT OUT (first home)

Maurice NorvillePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 3
  • Votes 0

@Ran L.

Thanks for the advice , lowering my debt does seem like an good idea.

Post: SALE OR RENT OUT (first home)

Maurice NorvillePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 3
  • Votes 0

I bought my first home last year (town home: 2 bed 2 bathroom 1 car garage). Mostly off the Strength of rent in Las Vegas was going up and I can own a home for what I was renting for. I have a plan to move to Atlanta Ga with in two years. Save 20,000 and spend this time while I'm saving as if I was in school and research as much as I can on real estate investing. Take that 20,000 and "BRRRR" in Atlanta. So I figured I could rent (looked at rentals in the area I would be barely making mortgage and I have HOA fees). Or I could sale what seems pointless and I don't see any profits coming. So what I am working with is 62,000 paying job debt 7,000 took against my retirement fund, car at 35,000,and 16,000 on student loans. I have been aggressively paying down this debt but starting to think I should start paying minimum save the rest for investing till I have a bigger income. Any help or guidance would mean the most.

Thanks

Age is 30

Credit is at 750

If any of that plays a part.