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All Forum Posts by: Michael O.

Michael O. has started 3 posts and replied 10 times.

Post: Tools to evaluate market area.

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2

@Marlon Freeman Hey bro ,I hope all is well. It’s been 5years ,I’m curious as to what you have learned about evaluating markets.

Post: Inherited 100k/ fha loan question

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2

Newbie question!

My sister and I purchased our primary residence with a fha loan back in 2015. I also inherited about 100k. After some research I’ve decided to house hack either a duplex or a quad using a fha loan. Will I have to refinance out of the fha loan on my primary residence to qualify for a new fha loan? What would you guys do in my situation?

Post: What to do with liquid cash?

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
Hey bigger pockets family, newbie here. I’m curious about how most of you keep your liquid cash. High interest savings/checking account? Money market account? The reason I’m asking is because I’m about to inherit about 60k and I’m not really ready to get into real estate just yet(still researching/learning). I’m also not dependent on the 60k,I just want to pretty much park the cash somewhere till I need it. I’m open to all suggestions including some passive investment suggestions. I want to Thank all of you in advance for taking the time out of your day to comment on my post !

Post: Buy/Hold #7 is Complete

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
@Rashad Luckett Great job!!!!!!

Post: Here’s What Is Possible in 9 Years as a Real Estate Investor

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
@Joe Fairless AMAZING !!!

Post: From 3 to 43 Units - I changed my life with one incredible deal!

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
@Justin Fraser congratulations!!!!

Post: Roth IRA ???????????????

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2

@Lee Ripma @Michael Plaks @Bill F. @Dmitriy Fomichenko @Aaron K. thank all of you so much for taking the time to provide me with such important information,I appreciate all of you!

Post: Roth IRA ???????????????

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2

Thanks a lot for reply,I very much appreciate it. What amount would be worth opening a SdIRA ?

Post: Roth IRA ???????????????

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
Newbie here,I’ve done some research on the Roth IRA,I’m still kind of lost as to where to get started. I have about 5k to invest ,not sure if I want a self directed Ira or Robo advisor. I would really appreciate some recommendations.

Post: Getting a mortgage on an LLC property

Michael O.Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 2
Wow,so much information!!!