All Forum Posts by: Aaron Harren

@Lauren Juarez I took out a HELOC on our primary and used that for my down payments. Then I found a bank willing to work with me. In 2020 I want to start doing some cash out refinancing on some of the properties to help pay down the HELOC or maybe to buy another property!

@Caleb Brown I used and equity line for my down payments and found a bank willing to work with me. I didn’t necessarily Brrrr but I have had a handful of projects that will be bringing great value to the properties. In 2020 I plan on starting to do some cash out refinancing on some of the properties to either pay down the equity line or for another property!

What a fun first year it has been!!! Just closed on my 5th property yesterday putting me at 13 units in 13 months. Hard to think how it was before all this fun began. I told my wife today “I wonder what I’d be doing with any of my free time if we didn’t have these rentals now” at times it’s like a 2nd full time job but most the time it’s a nice hobby. Busy busy as times as we have an almost 4 year old and 10 month old but it’s all for my family, and the future I want for my wife and I and especially our two girls. I’ve learned so much over the past year it’s crazy. I’m doing so much different then when I started. Learning more each and every week. Listening to pod cast and listening to audio books now. Every little bit I can pick up on is helping me carve my way! It’s become a part of me and I can’t seem to stop looking for properties even tho I’ve finally come to a point where I have to become way more creative with financing...... 3 of the five properties I’ve purchased were off market deals. Network network network it’s so much fun meeting people and it helps you construct who you want to be as an investor. I’ve met so many great people in so many ways (example the pest control guy who treated bed bugs in one of my properties is now waiting for me to get financing to purchase two of his duplexes off market.) now to find a creative way to pull it off. Can’t wait to see where this adventure takes me next!!!

Aaron Harren

In the last 13 months I have purchased 5 properties totaling 13 units. Been a fun adventure and I have learned so much! Looking for advice options out there on how to refinance, 2nd mortgage, business line, ect.. I live in MN. I have used a HELOC for my down payments on all of these properties and would like to pull money out to pay down the HELOC now???? Thanks for any advice!!!

Aaron

@Darrin Taylor two of my 4 I purchased off market for below retail and the other two I was able to buy right as I bought “as is” and did some rehad/updating to the properties.

@Christopher Janney yes I am investing in MN. Up in the Alexandria area! Have you made your trip out here yet?

@Kent Clawson thanks for your message! I took out a HELOC on our primary house and have been using that for down payments. Here where I am 25%-30% is required down. If d definitely is the scariest portion I believe. As I am actually financing 100% of all of these properties. But after all is said and done I am cash flowing on all of them anywhere from $100 a door to $200 a door.

@Jake Vice 2 of my first four properties were off market deals! Network network network. And a little bit of luck as well. Make contact with realtors to keep you in mind when they hear of opportunities. Drive around neighborhoods looking for that for sale by owner sign. Respond to rental postings on line to see if they want to sell. Be creative!

@Eben Rohling I think it’s been in the back of my mind for a while but then I just decided to jump in and then I was hooked!

Here I am one month away from my first full year of being a real estate investor/landlord! Last year in Sept. I took a leap and bought my first duplex. Then in Feb. I purchased my second duplex. Two months later I found a 4 unit and picked that one up. Now this month I closed on another duplex. I jumped all in and what a year it has been. It’s been smooth at times and this summer I’ve been on a rollercoaster of issues. Lows and highs but I’m loving it. A bit much at times as I work full time and my wife and I have a 3 yr old and a 7 month old. But I have the drive and determination to keep on going! Now it’s getting harder as I’m out of my down payment money and I have people approaching me with more off market deals. Time to keep learning, networking, and pushing foreword.

Aaron Harren