- Joined
- May 5, 2014
- Messages
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Little update. Got all my units rented and cash flowing right now.
Currently have $3325 coming in on the triplex with about a $2400 payment, and $300 in utilities. I need to pay the HELOC off as that digs in another $300 but Im not too worried about it. I think the overall value of the property is huge and I think if I can build onto the back it will be worth ~$800-850k and id be into it for ~500.
Right now just storing up my cash as I think we're going to see a real estate downturn in the next 6-12 months. Not from actual institutions but from people who were overleveraged or have lost their business/jobs. I might actually use this moment to buy my own personal house now too depending on what deals come on the market.
My company got hit when the panic started and our revenue dropped pretty significantly, we've recovered by nearly half and im pivoting into a market that is currently exploding so we should be able to catch a bit of that wave and grow out of this whole situation.
Crazy times. Stay healthy
Currently have $3325 coming in on the triplex with about a $2400 payment, and $300 in utilities. I need to pay the HELOC off as that digs in another $300 but Im not too worried about it. I think the overall value of the property is huge and I think if I can build onto the back it will be worth ~$800-850k and id be into it for ~500.
Right now just storing up my cash as I think we're going to see a real estate downturn in the next 6-12 months. Not from actual institutions but from people who were overleveraged or have lost their business/jobs. I might actually use this moment to buy my own personal house now too depending on what deals come on the market.
My company got hit when the panic started and our revenue dropped pretty significantly, we've recovered by nearly half and im pivoting into a market that is currently exploding so we should be able to catch a bit of that wave and grow out of this whole situation.
Crazy times. Stay healthy
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