All Forum Posts by: Murray Reginald

@Ty Frankel thanks for the advice I will keep moving forward.

Hello to all, I am hearing that it is not a good time to invest into real estate right now, because of the high interest rates and increased houses prices. So what is the best way to tell when I should start investing into real estate? Is there a way to invest now without loosing money? I was told to buy low and sell high is that even possible right now? I live in Houston Texas and currently want to only invest into this market, I am looking for rental property to obtain a residual income of 5-10k per month.

@Ali Boone Thanks for you response Ali I think we will continue to do the LOC to pay our principal down and the start looking to investing.

I would like to say that I am very excited about my new journey in investing into rental properties to obtain a residual income of 10-15K monthly. I am using my line of credit (LOC) currently to pay off 2 auto loans 15k to increase my cashflow. This should be paid off in 5 months, I will immediately use my Cashflow to pay the principal down on my mortgage which is around 303k (which desperately needs it). I Figure this should be paid off by 7 yrs using the velocity-banking strategy. My question is? should I use my LOC to continue with paying off the 303k mortgage which I can get a LOC every 6 mths so for yearly 30k to pay on principal or should I get a LOC to put down on a new rental propriety to receive more cash flow? Me and my wife are scared to purchase more than one unit because we are new and not knowing what to do or how to handle it. I thought it would be smarter to pay the mortgage off and use the mortgage as leverage to purchase maybe 3-4 rental properties what are your thoughts.