All Forum Posts by: Nick Barber

Thank you all for the insight! It is greatly appreciated.

Hello all! Getting to the point where I am ready to buy my first real estate investment purchase. Just wondering what are some of the “hidden” cost or often overlooked cost when purchasing real estate that pushes the all in cost after closing above the purchase price of the property? 

Lance,

Do you have the option to sub-lease your apartment?

In about 7 months my lease will be up on my apartment and I do not intend on renewing it because it is my largest monthly expense. I found BiggerPockets in June of 2017 and have been addicted to their concepts/ideas about real estate investing ever since. With that said, the past several months I have been listening to BiggerPockets podcast, reading books and trying to analyze properties in my area because I will need to do something in the next 7 months to eliminate my monthly rent payment. Please share your thoughts on things I should look out for when buying my first real estate investment. What questions should I ask the banks, the real estate agent, the seller? What things should I look out for when touring the house that are often hidden from the eye, but will be costly to fix? Please share your stories, thoughts, and  experiences.

I appreciate the feedback!

Thanks all for the feedback!

Hello, 

For the last 5 months or so I have been reading as much about real estate investing as possible, trying to analyze deals in my area and save up as much money as possible; however, I am stuck between trying to pay down debt or make the minimum monthly payment on my loans.  I have student loans (~180/month @ ~4.5% interest) and a small car payment (~$251/month @ 5.4% interest). Do I try to wipe out my car debt with what I have saved so far, delaying my time I enter the real estate investing market?

I appreciate your feedback!

-Nick