All Forum Posts by: Brandon Morgan

Is this just a single family? based on what I looked at with the calculator the mortgage is around $2400 monthly not including extra fees. if rent is around 2000 a month you'd definitely be under. I mean maybe if its fixed up it could add some value but it seems to be negative. but My math could be wrong I'm still new to this haha. what would you do in this situation? 

Hi all I am looking to buy My first property for rent. I am new to real estate. I Live in jersey and the Prices seem to not be going down here and there is little to no inventory So I started to look at Pennsylvania. Pennsylvania specifically the Scranton area seems to have more options and the prices are better. looking to buy a multifamily for rent or even a flip depending on the numbers. Does anyone have any experiences with Pennsylvania? is it worth it? does anyone know about rental properties in that area? any advice on the matter would be great. open to any suggestions. 

hi all I am new to Real estate and have been trying to buy a property for the last 2 years but it is not working out. I live in the New Jersey /New York area and prices continue to climb and they do not look like they are falling any time soon. Recently I have been thinking about investing out of the state and I noticed Pennsylvania has significantly lower prices. does anyone have any experiences with Pennsylvania, So far I have been looking around the Scranton Area. I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful. I am looking to buy properties to rent out preferably multifamilies, or even a flip depending on the numbers. 

hey all I am new to Real estate and have been trying to buy a property for the last 2 years but it is not working out. I live in the New Jersey New York area and prices continue to climb and they do not look like they are falling any time soon. Recently I have been thinking about investing out of the state . I have been thinking Florida or somewhere else down south could be a good idea. Does anyone have any experience or advise with this? I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful.

hey all I am new to Real estate and have been trying to buy a property for the last 2 years but it is not working out. I live in the New Jersey New York area and prices continue to climb and they do not look like they are falling any time soon. Recently I have been thinking about investing out of the state/ country. I have been thinking Puerto Rico or even Mexico could be a good idea. Does anyone have any experience or advise with this? I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful. 

does anyone have any experience with investing in self storage? I am new to investing in real estate but I am open to new forms of investing. I recently started looking into self storage. Anyone have any advice on this in regards to how much money is needed, what to do starting out, how to start etc? 

wow! really nice strategy. Im thinking I can probably use some of the cash I saved up with the HELOC to be able to buy now since I make a lot with my W-2. thanks a lot!

you say you took out 38k from the HELOC as a down payment. what percent down was that? how much did your first couple properties cost?

ahh very brilliant. I think I will try that strategy. I make over 100k at my W2 job so I will use about 40k of my HELOC as a down payment (I was given a 70k HELOC) and then ill just pay it off as soon as possible. seems like a really good strategy!

were there any issues with the changing of rates with the HELOC and the cash flow from the rentals? or did that not matter because you paid back the HELOC's as soon as possible?