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Updated over 5 years ago on . Most recent reply
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Seeking weekly meetup with “rent and hold” mentor in ny queens.
I’ve done the fha loan and house hacking naturally. Before finding out about bigger pockets. Currently living rent free for 4 years now. I have saved up 50k. My home equity is up by $225,000. Now I converted my fha to a conventional loan, eliminating mortgage insurance. I live in queens New York. Shockingly I stuck. I want a multi family investment property but there are so many options/roads I can take that I’m frozen. I need a mentor. I’m sure I can figure it out alone but you progress a lot faster with a mentor. Same as if you started working out. What I learned in 15 years of working out (fitness, boxing and nutrition) , a personal trainer could’ve taught me it in less than a year. Anyone around the area I can meet with weekly or bi weekly? I can buy dinner or teach you some boxing.
Most Popular Reply
Danny you're not in a bad position. You do have plenty of options... The first thing I would do if I was you is apply for a HELOC so you can tap into your equity if you haven't done so already. You should be able to get a significant amount with 225k of equity..
I started somewhat the same way, I was already investing when I learned about BP..