All Forum Posts by: Briana Martin

Sorry if this is a rookie question, I'm new to this. My husband and I are looking to take out a HELOC to buy a property out of state. It got me thinking: To get another property after that, would we have to take out another HELOC? Or what to people normally do to buy 3rd, 4th, and subsequent properties?

As a resident of CA, I don't want to invest here. That leaves me with a few problems that make it difficult to pull the trigger:

1. Deciding on a strategy as an out of state investor

2. Finding properties that meet the 1% rule

3. Getting my husband on board with buying a property we can't check on regularly

Following! Looking for the same thing, preferably in North OC. 

I am new to REI. I am looking for something turn key, but am also looking for off market deals. Is it safe to assume that an off market property that someone is actually willing to sell would more than likely NOT be something turnkey? My line of thinking is, why would someone living in a turn key home want to sell? Hope that makes sense. Just trying to get a sense of if off market properties are a worthwhile venture for my first investment property if I'm set on getting something turnkey.

My husband and I live in a home we own in Southern California and are looking to buy our first investment property. We are parents of 2 kids under 2, so we need our first property to be as low risk and hands off as possible. We are not willing to house hack (where you rent out rooms in your house). Though I do like the idea of buying a property and renting out individual bedrooms (is that still called house hacking?) but not living in the property. I like the idea of buying something cheap in the midwest, however with such low cash flow, I imagine we'd have to buy tons and tons of those to make it worthwhile. We are leaning towards buying a property through Memphis Investment Properties and using a HELOC for the down payment. Any advice or suggestions?

Just popping on to say hi! I live in the La Habra area, and am looking into investing out of state as well