What kept you motivated as a newbie?

[Katrina Gillrup]

Would love to know what kept you motivated! My husband and I were able to upgrade our house and rent our previous one. Now we want to grow our portfolio. We were hoping to pull a heloc out of our rental but it is not currently an option due to only having about 40% equity in it.

I have been looking for deals and networking with wholesalers and realtors but feel like I have hit a brick wall with financing. The hard money lenders I have found want me to be a seasoned investor, which totally makes sense.

Hoping to learn from the seasoned investors on here! Should I be looking at this in a different way?

Thanks!

[Katrina Gillrup]

We did but we’re told we could only refinance up to 70% of the value. So with the home being worth around 245k and the mortgage being at 160k it just doesn’t make a whole lot of sense. We had planned on using money we have in stocks but with the market tanking it doesn’t make sense to lose on that front either.