All Forum Posts by: Roseline Pierre
Roseline Pierre has started 1 posts and replied 3 times.
Quote from @Tim Hall:
@Roseline Pierre Hi there, there are plenty of strategy’s that don’t involve selling your house or putting your personal assets on the line. Real estate consists of lots of ways to make money, rentals by the room is just one of them. That’s how me and my wife first started, house hacking, letting other people pay down our mortgage so it frees up cash to do it again. My main strategy is to try and buy something with the least amount of money out of my pocket. It could be seller financing, subject to, creative financing and on and on. Not just the the run of the mill straight line 20% down route or the pay it with all cash, Dave Ramsey way. He didn’t do it that way either otherwise he’d still be saving up now. The more investing knowledge you have the better equipped you’ll be to make all the money. Finding money is just one ball, finding a great deal is another and then figuring out how to do it again is another. You’re training to become a nurse because you want to be the best you can. Train to become a savvy investor and you can become very wealthy. You’ve come to the right place.
Thank you so much I'll continue read, do more research while saving to become one like you guys
Thanks for replying I appreciate your answer. No I wouldnt plan to sell now. Thats a plan for the next 3 years. I just thought by selling We would qualify for more loan on a larger units. But I love the refinance/HELOC option you suggested. But the first house wouldnt it make us qualify for less loan for the next investment?
Hello everyone I'm happy to be here. And there are a lots that I'm still learning. I just need help for a question since lots of you already been in the game. My husband and I, recently purchase our first home to live in tallahassee. However my name is not on the mortgage because I don't have an income yet but I'm a pre nursing student who plans to invest a lot in RE in the future. Would it be better to sale our first home and use the cash for a down payment on a quadruplex or more units and live in one of the unit? or rent it room by room to students (since we are in tallahassee) and then get the equity on the house to finance a triplex or quadruplex? my goal is to have lots of unit then after that build our dream home. But Im just trying to figure out what to do next after our first mortgage.