All Forum Posts by: Ross Bennett

Thanks @Tim McGarvey !

Really good advice on doing a cash out refi based on appreciation. Question though - would you say that is still a good move with the higher interest rates we see today? I snagged this place when interest rates were still good and the rates I see today look ugly. Assuming if I pull cash out and refi I would be subjected to a worse rate?

Thanks @Sherief Elbassuoni !

Investment Info:

Townhouse buy & hold investment.

Purchase price: $255,000
Cash invested: $80,000

This is my 1st investment property, and is also an out of state investment. I lived in Raleigh, NC for 2 years and my agent out there is also a close friend that shares similar passions around Real Estate. We toured all homes virtually and eventually found this townhome just outside of Raleigh in Cary! Cash flow is quite minimal at the moment ($100 a month) - but the property has appreciated $75k in a year. Most importantly....I learned a ton.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $770,000
Cash invested: $140,000

As a first time homeowner, I wanted to buy and hold something that I would love living in. I also wanted to ensure that whatever I purchased would be in a high appreciation market, with the prospects of eventually being able to rent it out for strong cash flow to high income workers (if/when I decide to move). There are identical townhomes being leased out at strong rates that would heavily cash flow against my current mortgage....and in the meantime I get to enjoy living in new construction!

Investment Info:

Townhouse buy & hold investment.

Purchase price: $770,000
Cash invested: $140,000

As a first time homeowner, I wanted to buy and hold something that I would love living in. I also wanted to ensure that whatever I purchased would be in a high appreciation market, with the prospects of eventually being able to rent it out for strong cash flow to high income workers (if/when I decide to move). There are identical townhomes being leased out at strong rates that would heavily cash flow against my current mortgage....and in the meantime I get to enjoy living in new construction! This house has appreciated $50k in a year since I closed