Hello from Houston!

[Jorge Aguilar]

Hi, I'm Jorge Aguilar. Wanted to share a little bit of what we have done so far as a way of introduction. I have a day job, so does the wife. We are using real estate investment as a way to increase wealth in the long term.

We rented out the first house we bought, only to later on sell it to the tenants owners-financed. They refi'ed the loan after 2 years. Then, we were able to buy a foreclosure in cash, rehab it and we are currently renting it. We got a second foreclosure and applied the same formula, rehab it and then rent it. This time we used a hard money loan and then we did a refi to a conventional 30 year. For our next property we are looking to do a flip. We have used a trusted real estate agent for all these transactions and I can attest that his commission has been money well invested, to the last penny.

I'm exploring the possibility to use a personal line of credit or a HELOC to finance the couple of flips I would like to do, before adding more rentals to the portfolio. I would appreciate if you have any tips on using these finance vehicles or information on wholesalers and contractors with good references in the Houston area. Thanks!