All Forum Posts by: Michele Z.

I am by no stretch of the imagination an expert, and I'm sure there's missing info here (what do your credit scores look like, what's your DTI look like and will it affect your ability to qualify for future financing, do you have additional credit to make use of, etc.) But at the minimum, I would get rid of the 20k sitting at 12%. I'd probably take advantage of that 0% as long as possible. I'd also look for LOCs, HELOCS or credit cards with lower interest rates to utilize if I had to use them for renovations in the future.

Three deals in one year, and sounds like you were deployed for part of that? Impressive. Congrats!

Congratulations on finding that price for a 4+2 in Grovetown! When did you do this deal? How much in closing costs and repairs before you got your renter in place?

@Kimberly Kesterke - Hi! We're headed to the area later this year from Brooklyn, NY. Would you consider sharing (either here or by dm) which area of Augusta you've had such a great streak of renters in?  I'd love to know if it lines up with the picture of the city I'm putting together from afar. Thanks for sharing your story and Happy New Year!

Oh no! I didn't mean you being the actual nurse for everyone. You'd be management in this scenario. Staff to care for your guests, including your mom. You oversee. Two of the most important things to care for are under the same roof, literally.  I've watched so many podcasts recently, but I swear there's BP podcast with someone doing something very similar to this.  Essentially specialized house hacking. 

Happy NYE! And good luck with whatever you choose.  

Getting back up to DC from Richmond is a particular circle of hell. Especially on the weekends. I'd keep that in mind.

Best wishes and here's to starting in your 40's. Right there with you.

If you're a nurse and you have an elderly mom to care for.... have you considered one of those small 4-6 bed care facilities that are in single family houses? Maybe combine you past and your future in one go?

@Dennis Adler - Thanks, but I'm pretty sure I've been though the entire inventory in that range with my agent by now. I appreciate your offer though. Happy New Year!

@Jason Denny - sadly my <$150k (or even under $180k) dreams are not panning out. Everything we're seeing at that range is tiny (literally rooms too small to fit our bed), and still needs extensive work (above $50k-$75k) to make it viable to anyone who will pay higher end rents. Also I'm seeing some horrendous and definitely unpermitted remodels and additions. Truly disappointing.  It's a shame, I see a ton of great properties that would work if I was buying a straight rental. But us having to live there a year is messing things up. Trying a new strategy with the next level up of houses this week ($200k +/- $25k). (More bedrooms and possibly we will look to rent a room or two out during our year there.

SC will be a last resort, while it's absolutely closer than anything here in NYC or in DC, it's still a bit of a hike locally and I have to spend more time understanding that side of the river. Really all I know about is that Traveller community.

@Justin Bautista Do you know about the AmEx personal loan deal for active duty?  A quick google search for American Express, Active Duty and SCRA should get you where you need to be. Max $40k with potential zero percent interest for, I think, 3 years. Because they are generous and extend SCRA benefits to those currently serving.

Congrats and around $500 cash flow, we've been looking for a few weeks in our area and can barely find anything to crack $150/mo cash flow.

Best wishes on your investment.