All Forum Posts by: Walker Seid

Don't forget that if you don't put 20% down you will have mortgage insurance as well.

I would say to save up another 20k before you start investing. You need to be able to protect your investment from being blind sided with expenses that you don't plan for. You have to be able to play defense once you buy your first investment.

Another thing you need to look at is HOA fees. Some of the homes in the cinco ranch area have high annual fees that can take away quite a bit of cash flow. Definitely look north of I-10 if you want to find something in the 160k or less range.

I don't know any attorneys in the Dallas area

http://apartmentvestors.com/blog/multifamily-property-inspection-checklist

https://www.biggerpockets.com/forums/432/topics/71120-due-diligence-checklist

You need to talk to a lawyer

What kind of property is it?

Too bad you can't live in it for 6 more months and pay no taxes on the sale

Its all about what you want. I would pull the money and buy as many houses as I could. You will pay taxes on the money some day anyway and you can make the 10% penalty back when you buy your first property if you find a good deal. You have lots of options. It just depends on what you want in the end and what type of deals you are doing. You make your money when you buy, not when you sell.