All Forum Posts by: Brodie J Meaux

I have $75 k in equity is a residence I own. If I’m wanting to buy a $60k residence needing $15k in rehab. Is it better to get a hard money loan for the purchase and rehab and get the down payment from a heloc loan from my original residence. Or should I just get the whole loan for $75k from my heloc

I have recently inherited a 3b 2bath single family dwelling appraised at $100,000. With no debt on the residence. Im planning on opening an LLC and renting it for one year to collect capital and an doing 75% home equity loan on it. I plan on using the $75-$70 k to purchase 6-7 $50k 2b 2bath single family dwellings using 20% down on each residence. That is the strategy I was planning on going with. Can anyone give me any advice on if that's a good plan or if they have any better ideas for growth in rental real estate. I work daily make 50k a year and am new to real estate.

I recently inherited a 3b 3bath brick home single family dwelling. I am rehabbing it. It will appraise at about $100 k and has no debt. I was planning on renting it for one year to show income on it and then doing a 75% home equity loan to purchase more small 2 bed 2 bath dwellings for about $50 k each putting down 20% on each one of them.($10,000) so 7 dwellings ish .   Can anyone give me advise or does anyone have a better idea for a better real estate plan for investment with $75 k of home equity. For a beginner. 

I see yes I did miss that thank you very much

What cost to rent ratio should I Go for as in single family dwelling 75,000.  go for $750 a month ect

Is it best to make an LLC for each rental, or single family dwelling I plan to own. Or better to have one LLC for all of my rentals I plan on owning.