All Forum Posts by: Pierre Boisrond

Thank you. No I do not. PITI = $260, $140, and 158.47 for insurance and taxes combined

thank you for your suggestions. I do not have to pay PMI. It currently rents at $825/month and property management fees is at 10% of rent at $82.50 Taxes and Insurance are $158.47/month. principle is around $260/, interest around $140. What I was thinking was putting the 12k towards the house I own, and pulling out the equity

In March of 2016, I used my VA Loan to close on a 3bd/3ba townhouse in Tallahassee, FL for $59,247 at 3% interest. I only put $1000 down as an earnest deposit and paid $800 for 2 separate inspections. I did not have to do any repairs. I deployed in April and decided to rent the property out until my return. My mortgage is $567.62/month. I want to purchase a second property in 2017. I have about 12k in cash. I would like to pay off my house early. However, I also want more passive income while Im in school. I plan on living in the 1st home and renting out each of the other 2 rooms for $300/month. Should I attempt the BRRRR strategy or should I just use the cash available to put a down payment on the 2nd property?

In March of 2016, I used my VA Loan to close on a 3bd/3ba townhouse in Tallahassee, FL for $59,247 at 3% interest. I only put $1000 down as an earnest deposit and paid $800 for 2 separate inspections. I did not have to do any repairs. I deployed in April and decided to rent the property out until my return. My mortgage is $567.62/month. I want to purchase a second property in 2017. I have about 12k in cash. I would like to pay off my house early. However, I also want more passive income while Im in school. I plan on living in the 1st home and renting out each of the other 2 rooms for $300/month. Should I attempt the BRRRR strategy or should I just use the cash available to put a down payment on the 2nd property?

Hello, My name is Pierre Boisrond. I come from a family of Haitian immigrants. I grew up poor. My parents always stressed the importance of going to school and getting a good job. So after four years serving in the United States Army, I enrolled and graduated with a Bachelors degree. After graduation, I struggled financially for 3 years. I could not find a job that could support me in South Florida. I decided to move to North Florida for work. During my time here, my mother passed away from Liver Cancer. She left my siblings and I, some money. I am hoping to grow the money she left us so that my family will not have to struggle their entire lives working a job they hate only to die young. I have no experience other than reading a few books on real estate investments. I could really use any knowledge anyone is willing to pass onto me. Thank you.