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Updated over 1 year ago,

User Stats

7
Posts
4
Votes
Adam Peralto
4
Votes |
7
Posts

New rental property investor here

Adam Peralto
Posted

Good Morning!

My name is Adam, and I'm born and raised on the Island of O'ahu. I just stumbled on this page yesterday and have been binge watching BiggerPockets channel on YouTube non-stop, lol. I joined a program called Sweep Strategies a year ago - which is a local company here in the island. Basically, they teach you to "sweep" all your debt into either a PLOC or HELOC. Another program they offer is teaching how to buy rental properties in the mainland, or rest of the United States, just because the market is ridiculous here in Hawai'i. Median price for a single-family home is about 1Mil and town homes around 500K. Earlier this year I teamed up with someone from Boardwalk properties and bought my first rental property in Birmingham, Alabama. The benefit is they make it easy for you as far as getting everything aligned, but of course the downside is they take a bigger cut. I'm hoping to learn as much as possible from BiggerPockets and anyone who's knowledgeable so I can figure everything out on my own(or from you guys). I'm hoping to get a 2nd property within the next 6-12 months using my HELOC and build on from there.

The only questions I have is if someone can point me in the right direction on where to start or who to talk to as a newish real estate investor?? 

Thanks

-Adam

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