Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

18
Posts
6
Votes
Chris Leigh
6
Votes |
18
Posts

Going full time in RE with 100K (Advise)

Chris Leigh
Posted

Hello, Chris here! I am located in beautiful Denver Colorado.

Applying the mindset of Elon Musk himself, I am looking to take my 5 year plan and achieve it in 1. My 5 year plan was to go full time in Real Estate investing. It’s my biggest passion and I love it so much.

A little info about me.

I purchased a home in 2019 that has consistently cash flowed $700 a month (after all expenses and savings) and saw almost 200K increase thanks to the incredible Colorado market.

I’m hooked! Area’s I am looking for help on, are…

I am looking to use a 100K HELOC on my home to purchase more properties. (I'm looking in the multi fam and apartment space currently)

Questions 1. Once my RE portfolio cash flows my current income with extra to spare, how do I make the move to full time RE investor? Specifically, how do I find lending when working for myself? Obviously W2 income is crucial for procuring a loan. Do you own an LLC and pay yourself through your company or does the lender look at your rental income as your primary income?

Question 2. Do you know of any killer books or courses that specifically talk over raising private capital?

Question 3. Do you recommend any webinar’s or live events that have legitimately helped you in your RE walk?

Question 4. What is your advise on finding markets that will (hopefully) see great returns?

Anyone local to CO who would like to grab coffee, please let me know!

Thank you for your help in advancing my knowledge in this incredible industry.

Cheers!

Loading replies...