All Forum Posts by: Steven Schreifels

Hello. I am currently on a waiting list with a turnkey provider located in Memphis, TN. Looking to purchase my first investment turnkey/passive real estate property. I'm both excited and nervous. Guess I"m looking for any feedback both positive and negative that you all think I should be aware of or consider. I am using my IRA to fund this so of course want to be sure of my decision. Thank you all in advance.

Like Reagan said..trust but verify..nice...love it..thank you.

So I am new to Bigger Pockets community. Am I the only one confused as to the relationship between the different TC co's..? For instance here you can look at properties on Bigger Pockets site..but then on posts there's advertisments for Rent To Retirement, and AirDNA..then there is Norada. So I'm in process of doing research and getting my initial funds together. I have talked with a representative from Rent To Retirement and he was very professional, timely, and patient. However their site is lacking inventory (at least whats viewable prior to pre-approval). I inquired on a listing to find out it was sold. I then found another that initially looked good and when i did research on area (Adamsville, AL) found out has been losing population, income, etc. Meanwhile their website touts that they do market research etc to position you in great areas..must say i'm kind of scared. Is there a site that rates all of the TK's ? Just want to make sure going to be dealing with an honest and reputable outfit. 

Thank you. That does make sense and that is what I was leaning towards. Growing up I was always told if you can make bigger payments to get your principle down and therefore lower your total interest paid over life of loan. But in listening to podcasts the point has been made that your house's equity isn't realized until you actually sell. So question is by paying extra for years therefore gaining potential equity in home (when sold) better or worse than using that same money for bigger income now as you suggested and i've been questioning by putting bigger down payment on rental property to therefore increase monthly cash flow..? Now that i've written this out and by taking into account what you said I think the answer is clear...use that extra $150 for bigger down payment on 1st rental property &/or go towards funds for the 2nd one. Thank you. Anyone else have any thoughts on this. Oh and I do have my 6 months emergency fund in SAV account. 401k at my job and I purchase in 2 monthly installments of $150 each a REIT through an online DRIP. So this is money I want to ensure putting to best use.

I am a newer Real Estate Investor with goal of purchasing first rental property by Sept of this year (my next B-Day). I've just refinanced my primary residence from 4.7% to 2.8%. As before I plan on making bigger payments (about $150 more per month) to be applied towards principle. Was wondering if this extra money would be better saved towards 2nd rental property (will be using an old IRA to fund my 1st rental property) ?