All Forum Posts by: Sadierose Saucier

@Matthew Crivelli I am starting to realize that! I will definitely keep your number for the near future, thank you! 

@Bill Couture hey! I honestly wouldn't know where to start with looking into a private/seller financed mortgage. If I were to use that instead, what would the benefit be to re-financing into an FHA? The only reason we want to use FHA is for the low down payment of course, but the long term PMI and high mortgage payments are of course unappealing. In 2017 with our 3.5% FHA we could still cash flow but now it's really hard to find anything. We just figured this would be our last chance before getting married and dealing with living in another rental that maybe we should do it again.
You’re a loan officer right? Would you be available for a phone call sometime this week? Shoot me a text if you can! Thank you! 

@Craig Anderson getting another FHA to O.O and then cash flowing on the first 2 is our current plan. I just wanted to make sure we weren't overlooking something that could work better. I'm just timid to use the HELOC's for our down payment on the next one because that will take away some of our cash flow having to pay that back. So maybe we should save up to pay cash for the closing cost/down payment one more time and then use the HELOC's when we know we can recoup our money more quickly. This next property was most likely going to be our primary residence for awhile, not another multi. Lots to decide! Thank you for the response!

Hi everyone!
Long story short, my fiancé and I house hacked a 3 family for a few years. We bought another duplex to house hack this past February, keeping our first 3 family.
We are cash flowing $500/mo at the first 3 family now that we are moved out and when we move out of the duplex we will cash flow $500/mo from that one as well. 
We have 2 open HELOC's, one on each property for $30,000. We have an FHA loan available to us that we would like to buy the next property with.
To use the BRRRR method and use the HELOC to purchase more properties, how do you continue to cash flow well when you now have another mortgage to pay?
Also, we are having a hard time in this market using an FHA loan.

We just feel stuck. Our goal is at least 2 properties a year. Thank you for an recommendations or advice. 

Hello everyone! My Fiancé and I have fallen in love with So.Ut! Any agents in this area? We would love to house hack a duplex to make our move doable. We are coming from CT (so also an expensive market). 
Also, if anyone has any important info they would like to share about this area I am all ears! TIA! 

@Justin Remillard looks like we don’t have many neighbors on here! I used Mr.Handyman to fix my siding, but they seemed pricey. I believe they do plumbing and any other work if you wanted to give them a try, if you’re in a rush that is. 

Hello! I am having a hard time finding contractors in my area (like most others I’m sure!) Can we start a thread of contacts in this area?! I have a rental in Danielson and Moosup (Plainfield). I used Mr.Handyman yesterday for a small siding project that cost around $900! I have a reliable electrician and gutter guy if anyone wants the info. 

@Jonathan G. I have never heard of this! I will definitely look into it, thank you! 

@Daniel Smyth I totally get that! The biggest reason I would like to do it is from the aspect of my tenants paying the student loans back for me. So as long as the property still cash flows, win win! 

@Theresa Harris I have been following Dave Ramsey’s baby steps loosely for a little while now so I am trying to pay them down faster for sure. The only thing bothering me is the opportunity for my investments to pay for them as opposed to me. Leaving me more money now to invest sooner. It’s such a tough battle!