All Forum Posts by: Brandon Clark

@Mayank S. Yea that seems to be my best bet. My primary is FHA so I would have to do conventional on the 2nd property. Looks like I should prep the primary for rental and live in one side of the new duplex and rent the other side out. I guess I should have cash flow from my primary. Mortgage is $840 and rentals in the area are from $1200-$1400 and the house is in pretty good shape (updated in 2008).

@Jordas Reyes did you find an alternate route or are you still digging around? 

Is it possible to get an conventional loan (5% down payment) on investment properties? @Mike Wood

Those are great points! Looks like I need to go back to the drawing board. @Mike Wood @Matt Moldenhauer

Hey Guys,

I have a single family home that I currently live in and I owe 104k on it. My real estate agent just sent me some comps on houses selling at 145k, 138k and 129k on my street. I will apply for the HELOC and hope to get enough for a down payment on a duplex rental property. Being that I am new to real estate investing, would this be a smart way to get the ball rolling in my investment venture?

Thanks in advance

-Brandon

Hey Guys,

I think I'm ready to hop in the real estate investment game! I've been doing a bit of research and I'm looking to start investing in Duplexes in New Orleans and the surrounding areas. I see there are tons of info on BiggerPockets. I hope to meet some new experienced investors while I take the journey towards my 1st investment property.

Thanks