Forum Replies Created
no, northern California…. I registered and posted before noticing the australia thing!
WOW! You guys are great! I didnt notice that mostly it is Australian content when I signed up… but the ideas are strong even if some of the legalities you guys mention (tax stamps etc…) doesnt apply.
as of now this property is an income property for my mom(65).
I would like to over the next 30 years grow the portfolio for me and my wife (40 ish) to be several more properties for asset holdings, and income. I was targeting buying a duplex or fouplex, right now… something that would cash flow a teeny bit when mortgaged super high…. hold, pay down and begin seeing income. both of us work, kids, sports etc… so I have no fantasies about becoming a mogul… just want to use the asset/resource/ advantage I have in the paid off property, to get another, pay down, repeat…. but do it in a way that doesnt put a lot of risk on either property as far as vacancies etc….
I REALLY appreciate you all taking the time and commenting!
Hey Derek.
THanks for the info… I had thought a little about that. when you say deposit and purchasing costs… can you expand on that…? are you talking about then financing the new place 100% or close and using the LOC to pay fees, closing costs, any rehab etc..?
thanks!
