All Forum Posts by: David Hare

I have a HELOC on primary residence. Its been great using it for buy and holds. We have since bought and moved into a different primary residence making my first primary a rental.

Question is.. can i get another HELOC on the new primary while still having a current HELOC on the old primary home? We are about 2 years into the first HELOC.

@Pete Schmidt hi Pete, Im in the same situation looking for multi family rentals in myrtle beach. Can you send me a few to call as well? Thanks!!

I am ready to start investing in real estate, locally or in another market. I have the basics down on real estate investing (learning thru book reading, courses, bought/sold two houses) but have dilly dallied and can not make progress on my own. I need a mentor or coach that is successful in investing in real estate that is willing to take me under their wing to help me get my first investment property. In exchange for their help I offer what Im good at; website creation and development, graphic design, anything music related (jingles, background audio etc, music tracks), boots on the ground if needed. Im in the mechanical engineering field for my full time employment and can offer whatever knowledge to you from that as well. I am very serious about making progress and getting my first investment property. Ive got almost $20k saved to use for my first property. Hopefully I can find a seasoned person coach me and build a great business relationship.

Hi, My wife and I are thinking of turning our existing single family home into a two unit to rent out. Its a rancher and we want to turn the basement into a unit and the upstairs into another one. My question is, do i have to check into zoning with my state/county before we start? Are there any regulations that we need to consider before starting? Thanks for your guidance.

Thanks for the awesome reply :) So, using the LLC would be the way to go it seems. Do you know if a lender would ask for personal credit checks on each of the members? David

Hello, How would I go about using multiple investors to purchase property? Whose credit report, income etc can I use to be able to obtain the best financing/deal? For example, I have two other people with some capital willing to invest in properties with me. I have found a few deals an need to know how to make offers. My current real estate agent is asking for proof of funds and credit scores etc. I do have an LLC started and was wondering if I shoul be using that in this venture. Any help is greatly appreciated! David

Hi Joel, I'm looking at 2 properties. Property 1 - 5 unit Property 2 - 4 unit I can do about 15-20% down for the first property. I'm really looking for owner financing though to allow for flexible financing.

I am thinking of purchasing multi family units that are out of state from where I live. If I plan to use a management company and check out the property initially, would there be any major drawbacks to doing this versus purchasing in the same state where I live? Especially if I find a great deal?