All Forum Posts by: Stephanie Harley

Gosh, I love this!!!!

so smart

Thank you!!!

I so appreciate this.

Thank you,

Stephanie

Hello,

Just discovered bigger pockets and excited about investing and looking for financial advice.

-purchased home 2016 $0 down 3.75%

-with mortgage plus monthly costs, it currently rents with a cash flow of $850 monthly (low maintenance, strong rental market)

-I could sell the home today and have $325,000 liquid, $0 debt

Should I be doing something better with my money?

I own raw land that I am interested in building a small rental on, but besides that, I don't know what investment would create the most return.

Also, I love to travel and currently live in my RV. So I don't need a home to live in. I'm more interested in using my home as an investment than comfort.

I am not great at math, so here is where I am confused on what to do...

$850 cash flow X12 months is a $10,200 profit.  If I invested $300,000 in tax liens, I could earn 9 percent. $300,000 X 9= $27,000 per year?

Not sure what I am failing to consider.

Please let me know what you think, and if you have any recommendations for advisors.

Thank you,

Stephanie

Thank you.  I agree 3.75% loan with $850 cash flow is amazing.  Math is not my strong suit, so here's my confusion.  $850 cash flow X12 months is $10,200 annual profit.  If I invested my $300,000 in just tax liens, that would earn me 9 percent interest on my money.  $300,000 X 9 percent is $27,000 per year? Not sure if I'm doing that correctly, but it seems like it's more profitable than my current situation.  But again, I am just learning about all this, so I don't know what I am not considering:)

When you are giving advise about the small rental, this is a house I have yet to build.  Were you suggesting creative financing to fund the build?

Thank you so much!!!

Hello,

Just discovered bigger pockets and excited about investing and looking for financial advice.

-purchased home 2016 $0 down 3.75%

-with mortgage plus monthly costs, it currently rents with a cash flow of $850 monthly (low maintenance, strong rental market)

-I could sell the home today and have $325,000 liquid, $0 debt

Should I be doing something better with my money?

I own raw land that I am interested in building a small rental on, but besides that, I don't know what the best move to make would be.

Also, I love to travel and currently live in my RV.  So I don't need a home to live in.  I'm more interested in investing than comfort.

Please let me know what you think, and if you have any recommendations for advisors.

Thank you,

Stephanie