All Forum Posts by: Robert Naini

I own 6 SFR in FL and TX I bought my first 10 years ago, thought the process had to be slow and methodical, realized you could go at any speed you want and bought 3 in the past 18 months Ready to buy more right now

Hi Scott, It sounds like you are in a great financial position, congratulations on making it to where you are at. Now, regarding your questions, there are a lot of details about your situation that we don’t know, so remember there is no one “right” way. My opinions: - Keeping your house as a rental may be a short term plan, but the return is too low, that equity could be put to better use elsewhere - if Airbnb is the only way to make money, it’s probably not a great investment - I also went through a Dave Ramsey phase where I wanted to eradicate all debt, but your mortgage is cheap money @ 3.1%, so if your month to month financials are under control, which it sounds like they are, Is your “extra” money better used making 3.1% return by paying down your mortgage or investing it elsewhere In your situation I see two options I like: 1) sell your house, if you got ~250K (I’m guessing from your post) you would net ~160-170K after mortgage and sales expenses, plus your 60K saved, you would have about 220K to work with I would want to hold some of the cash for an operating account ~3-5K per door, so if you hold back 20K for operating, You could buy up to $800K worth of property @25% down - Buy a multi family to house hack and, on the rest of your investments, if your local market does not offer good enough returns, consider investing somewhere else 2) you love your house, you don’t really want to move Look at opening a home equity line of credit on your primary residence That could give you access to ~127.5K ((250K*0.75)-60K owed) 127.5K+60K savings = 187.5K to work with Regardless of your decisions above, focus on buying good cash flowing deals Best of luck

Sierra Eberle I am working with a military investor, helping him on his first property in the area and there are not many multi family options available in Fort Walton Niceville has a few more options, but still limited If you are thinking short term, like a year or two, you may consider a live in flip - something that is livable but needs repairs, buy below market value, repair while living there and sell at market value when you move

Michael Lee most sellers want what they want for their reasons, (right, wrong or indifferent) Typically we are looking for the motivated seller that needs/wants our offer, most sellers do not and because home ownership and selling can be emotional, “lowball” offers can affect their feelings Remember sellers that will accept your investor offers are a small subset of the group of all sellers Keep it up, don’t get discouraged!!!

@Tyler Austin

@Karoline Kaon
Michael Tadlock with Integrity Home Inspections of NWF has done several for me, let him know I sent you

@Ryan O'Mara - This message was great to see, I'll PM you

@Zach Westerfield

@Blake Woodham

Thanks for the welcome, I look forward to seeing you guys around the area

@Mike H.    

@Marcus Johnson

Thanks for the feedback and comments, I have three free and clear properties and I am looking for local banks that can help

Welcome back to the real estate foray, best of luck!!!

Let me know if I can help in any way

The BRRRR strategy makes sense to me, but I have had challenges getting the refi done, especially being self-employed with no W2, I qualify for so many deductions that the debt/income ratios look out of whack compared to a W-2 employee