All Forum Posts by: Michael Barbari

@Tyler Merrell Everyone has their own opinion on this. Both are good. I ended up doing a cash out refi at 30 years in the 3's due to the low rate environment. I'm saving over $200 a month. I did this to buy my primary home. I probably would have done a heloc if I would have used it on investment to be able to use it again. Let us know what you do. Good luck.

@Chris Cleveland Good luck and keep us posted!

@Chris Cleveland I would contact a realtor in the area to research it for you. They'll get cash if the deal closes so they're on your side.

@Chris Cleveland Have you tried to knock on the door to speak with the owner directly?

@Chris Cleveland Is the property listed? If so, have you tried to contact the realtor?

Keep your head up @Mike H. Just another hurdle. I hope all gets worked out.

@Andrew Martel

You should have gotten the good faith estimate with the cost breakdown. Whether the loan is 57k or 570k you will incur similar costs. Title insurance, appraisal, origination etc.

@Carrie S.

You're in a great situation. Good for you. I would do the following given you want to quit your job and focus on RE.

1. Rent out

2. Take out a heloc and purchase more properties with it.

Paid off properties can be leveraged to purchase more to increase cashflow. The cashflow can be higher than having no mortgage. Look at all your options. Good luck!

@Tony Velez

Tell me about. It's exciting and addicting. Take your time and know all your options. What's the reason on investing in turnkeys first?

@Tony VelezNot at all. Everyone has their preferences. If it works for you and your family then do it. Just do your research and know what you're getting into. Good luck!