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Updated over 8 years ago on . Most recent reply
Nashville
I'm awesome
Work in Music Business full time at WME/IMG and am a licensed Real Estate Agent
Got my license to purchase my second home, to turn my first home into a rental--which is currently worth over 2x what I paid for it and cash-flow it $1200/mo
Looking to purchase addl. rental properties a la BRRRR and other means
trying to figure out if i should cash out to buy addl. properties, HELOC it to leverage addl. capital, etc.
Most Popular Reply
Learn about the concept of compounding and leveraging. If you have HELOC, you can use $ to pay for down payments on additional properties. You will need some reserves to cover notes/rents if the renters default. Join the Nashville REIN and attend Deals, Deals, Deals meetings and Landlord focus group. It is only 149 per year, a super bargain and great group. There are experienced investors who have done this and are happy to help you and share experiences with you.