All Forum Posts by: Eric Lasley

I suggest you read 'the richest man in Babylon' as well. Great read and really makes you think about how you spend your money.

thank you both for the welcome

unfortunately, my house is about $350 short of being within the 50% rule...i was not very savy when buying my house...granted that info is off of zillow and i am told it is not very acurate.

i do have a question...i have made a spreadsheet off of some of the information i have learned here, and i have found that some of the houses i have put into it have passed the 50% rule,but do not pass the 1-2% rule. Is that abnormal or am I using incorrect estimates? again, I am using the estimates off of zillow and that might also be part of the reason they are off

Howdy all! I just signed on to this website after hearing about it on another forum. I am looking to start a buy and hold investment business that can slowly replace/supplement my current income. I am hoping to make my first purchase within the year or first quarter of next year. I am currently trying to raise some more startup capital to make this first purchase. I am hoping to start with a multi-family unit.
I have considered selling my current house at a 15k profit, but would have to take the 15% capital gains hit because I have been in it less than 2 years. I could rent this house out, but it does not meet the 1-2% rule. I am fairly eager to get started, but don't want to screw up my first deal and my living situation at the same time