All Forum Posts by: Adam Bontrager

Brelion is raising funds for another portfolio of homes in the Cleveland, OH area. This is an opportunity for accredited investors to earn 16% ROI through passive investment with an experienced real estate sponsor. The sponsor has previously completed over 1,000 real estate projects and has a proven track record in the Cleveland area.

Investors in this project will receive a 16% gross preferred return paid out monthly. Visit https://brelion.com/projects/38 to view the details of the project and begin building wealth with Brelion today. This opportunity won't last long so reserve your investment today. 

@Tim Porsche

Yes, I think it could definitely affect your chance at the credit card.  I was assuming that you already have the credit card.

I would suggest applying for the credit card first. If the card has a $0 balance, I would think the effect on your credit score would be less than the HELOC. I am no expert in this particular area though so take that with a grain of salt. :)

@Tim Porsche

I think the banks typically cap the amount of debt you can have on one house at about 80-90% of the value of the home.  So depending on the value of the home and the amount of debt left on the first mortgage you may be able to get a good chunk of change out of that.

If you plan on making the new property your primary residence (at least temporarily), you may be able to use a HomeStyle renovation loan. It's similar to the FHA 203k loan.

Hi @Tim Porsche

Would you be able to use a HELOC from your current home? You could also just look at a conventional mortgage if you have $25k as a downpayment. Pretty much any kind of short term financing (e.g. HML, private money, crowdfunding, etc) is going to be pretty expensive, especially if you don't have an established track record.

One of the benefits of "house hacking" is the favorable financing terms that owner occupants can obtain.  

Have you checked into FHA 203k loans at all?

There's still time to invest in lucrative real estate development projects via crowdfunding.  Don't miss out.  Act now to participate in these Cleveland area deals.

The two projects below are currently still open and accepting investments but will be closing shortly.

Willoughby, OH New Home Development Project

View now!!!

Greater Cleveland 3 Home SFR Portfolio

View now!!!

Each project is a bit different, providing some options for diversifying your portfolio.

We are working to get these projects fully funded and moving forward as soon as possible. Don't miss out! Follow the links above to open an account and reserve your investment today.

This is an opportunity to passively invest with Brelion in Cleveland area real estate development projects and earn a 16% return on your investment.  Brelion is a Cleveland based (and proud of it) real estate crowdfunding platform bridging the gap between investors and real estate developers.

The two projects below are currently still open and accepting investments but will be closing shortly.

Willoughby, OH New Home Development Project

View now!!!

Greater Cleveland 3 Home SFR Portfolio

View now!!!

Each project is a bit different, providing some options for diversifying your portfolio.

We are working to get these projects fully funded and moving forward as soon as possible. Don't miss out! Follow the links above to open an account and reserve your investment today. 

@Fayne Sawatzky

If you're looking to invest in real estate but don't want the headache of managing contractors and renovating a property, turnkey is an awesome option.  @Robert Smith hit the nail on the head.  You're probably going to pay a bit more for a turnkey property but the benefit will be that you will start cash flowing from day one and you will avoid the "headache and heartache" of managing renovations yourself.  Do the analysis and make sure the numbers work but then jump on the opportunity.  

Another bit of advice...the right turnkey company can make your investing so much easier.  You want to be sure you're not buying a "pig with lipstick".  Rather, work with a reputable turnkey provider that actually does quality work and stays on to manage the property after you've bought it.

 Hello Adam,

I'm of the mind that when starting off, cash flow is king. I like the school of thought that basically says 'buy for cash flow and take appreciation as the bonus'. Obviously being able to take advantages of both would be awesome. However, investing for appreciation is more speculative than investing for cash flow and is probably better suited for the experienced REI veteran who can withstand a bit more risk than a newer investor. Just my two cents filtered through my conservative biases.

Furthermore, if your goal is $20k in passive income, I think you definitely should pursue markets with higher cash flow.  I don't know the NB market so I would suggest networking with several investors who have actual experience in that market.  Then go for it!

Best of luck!

@Riley Gilson

IMHO, technology has dramatically changed the real estate space in the last 10 years.  

Documents can be signed and tracked online.  Internet resources like BiggerPockets, Zillow, etc make it much easier to access useful information that can guide and inform your real estate decision making.  SAAS providers make it possible to keep tabs on your finances, customers, and more from anywhere, freeing real estate investors from geographical constraints.

And I would be remiss not to mention real estate crowdfunding since the industry would be essentially nonexistent without the tech tools available today.  Technology plays a huge role in the industry and allows for a lot more automation of processes that would not have been possible 10 years ago.  Rather than deals being negotiated at the club house, real estate finance is opening up allowing individuals to perform due diligence and invest in projects right from their living room couch.

@Dave Broehm

I think you're in the same boat as a lot of investors. Although HML has been around for quite a while, crowdfunding is a relatively new concept and it's difficult to perform proper due diligence on the platforms.

One suggestion I would have is to research the actual project sponsors as well as the platform itself.  The success of your investment is ultimately dependent on the project sponsor's ability to complete the project as they say they will.  

Another suggestion would be to try several small investments to get to know a platform's processes, etc.  Once you're comfortable with them, then you can move forward and invest more with them.  

Feel free to hit me up if I can be of any assistance.  Best of luck to you!