All Forum Posts by: Aaron Mostoller

Hi everyone!

Just wanted to run something by everyone to see what you all thinks..

my wife and I currently have 2 LTRs, we would like to continue growing our personal portfolio however it will be a tad slower for us based on funds.

We were approached by a good friend who has about 300K worth of cash (in our area the average nice rental goes for about 100K). He wants to do a partnership where he gives the cash for a DP and we find the house, Reno the house, manage tenants, etc .. he supplies cash, we do the work- at the end of the day we split the profit

Now the question/concern is how do you know what’s an even split for profit /equity ? I

@Michael Baum thank you ! I will do that

@Sarah Kensinger

Ok great! Thank you

Looking at getting started in the STR world. Wanted to look at the hocking hills area. I have 2 LTRs in the northeast Ohio area but wanted to expand.

What’s everyone’s advice on how/where to get started?

Does anyone have any STRs in that area?

@Andrew Postell it is in consideration !! The heloc still being used as the DP

@Jon Puente I am disciplined enough to use it only for investment properties. My concern is the payment and making enough to cover the payment while still making profit..

@Eliott Elias great thanks.

@Marc Dube I do see the fixed rate payments would be lower payments , by a couple

Hundred dollars.. can you refinance fixed rates ?

@Remington Lyman I couldn’t house hack just bc of my current family situation unfortunately

Huge bigger pockets listener and fan here !! First time poster!

I wanted to run something by everyone to get your opinion. I currently have 1 investment property - Mortage is 580, renting for 1200- super happy with this one.

Now I'm stuck in the saving phase for my next opportunity.. however I am in the process of getting a HELOC on my primary.. I can pull out about 50K.

A little background on myself - I’m a 1099 employee, wife is W2. We make average money but not enough to save for the next investment ( it would take a long time) .

As a person, I’m a very nervous person- the thing holding me back on the heloc is the debt/payment it will bring

My plan with the heloc would be to use it for 2-3 down payments for more opportunities . I live in NE Ohio where things are a good price (60K-120K for good 3 Br houses)

Would you continue to save and just play the slow game , or would you recommend pulling the trigger on the heloc ? Would you recommend something different in general ? Using the heloc differently ?