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Updated over 5 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Zak Smith
  • Rental Property Investor
  • Las Vegas, NV
3
Votes |
11
Posts

I'm new, where do I go from here?

Zak Smith
  • Rental Property Investor
  • Las Vegas, NV
Posted

Hello everyone, I'm new on this site and I'm also new to real estate. I purchased a condo in 2017. Its a 2 Bdr 1 bath. I recently just took out a HELOC on it for $25k for a down payment on a 1Bdr 1 Bath rental property that I'm closing on next week. I've done my research and the rent for this property will cover the mortgage, HOA, and my HELOC payment. But it will leave not much else. I don't make a lot of money as of now but I'm in the process of picking up a second job. I really want to try to get another property ASAP.

What can I do to move forward with that>?

Most Popular Reply

User Stats

2
Posts
3
Votes
Darnell Collins
  • Flipper/Rehabber
  • Omaha, NE
3
Votes |
2
Posts
Darnell Collins
  • Flipper/Rehabber
  • Omaha, NE
Replied

@Zak Smith

I’m rooting for you! I literally just started and I’m

Trying to learn as we speak and get my first property

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