All Forum Posts by: Eric Dea

Hey Bill

I've actually rented a place as a Tennant in both Bradley Beach and Belmar as a year round resident. I also have many friends that have and still do rent in different Shore towns. Any questions I could answer for you?

Welcome Josh! I'm a local also looking to make my first deal in my comfort zone  Best of luck to you!

Hey everyone, I am new to REI but I am looking forward to making some great connections!

I am looking forward to meeting with everyone!

anyone?

Hey Chris, this sounds like a great idea to keep the fire lit for everyone. I'm new to BP in the last 2 weeks and fully committed to investing for my future. Please count me in for this conference call so we can help each other to grow!

bump

Hey BP,

I'm new here and trying to learn as much as possible, so this is my second post.

I currently own a townhouse that I plan on moving out of this fall and renting it to my current roommate so I can work on finding a great deal and do a live in rehab(I can move in with the parents for a little while). My plan is to get a conventional 5% mortgage (or FHA) for this next purchase and possible 1 more after that before I have to start putting down 20% on investment properties. Have you ever heard of that working for anyone before?

My current townhouse is only figured to cash flow about $40 a month. I've been here about 4 years and have about 30k in equity and it's projected to appreciate more in the next couple years so I want to keep it. Would it be a good idea to use a HELOC for either the purchase or the rehab?

Hey Matt,

I'm new to this forum and will be renting out my first unit in the next 3 months. Wish you all the best and as I am still learning too I'm sure we could share so.easy info and tips. Good luck and read everything you can!

PS I'm trying to tag people in this chat from my phone and it's not working for me. What am I doing wrong?