All Forum Posts by: Gabriel Cardus

Hello, I am just getting into the investing game and I love all portions of it. I really like the idea of note investing but have been thinking of getting started with single family homes first.

Are there any real estate investment groups local (NY - Hudson Valley Region) that invest in notes or out of state? I also would consider multi family local but I am looking for the passive income stream mainly.

Thank you,

I have my first offer on the table for a second home (out of state purchasing from rootstock). I'm starting all of my paper work but just realized everyone always recommends an LLC. I am looking to use the income stream from the investment property to payoff my primary mortgage as soon as possible to build more equity to get another house sometime this year.

Just curious, wouldn't my insurance be enough to cover the liability portion that the LLC would protect you from? What are your thoughts?

@Jessica S. Hello, Do you still feel the same way? I’m on the list now and waiting for my first purchase. Thank you for any input.

@Christopher Winkler wow a lot of good information. I really appreciate it

Good morning.

Wondering if anyone would care to share their experiences with Midsouthhomebuyers.com?

They are a turnkey provider, I'm in NY. Wondering if there is a concern with a house not appraising if (ARV) vs. asking price?

Do they negotiate pricing? Have you found them to be honest and do you normally perform inspections on the homes before you purchase?

Any information you can share would be greatly appreciated.

Thank you,

@Craig Jeppesen you should look into this method and double check.

The longer your money sits in the heloc, the less interest you will be paying. Even if it’s not the average daily balance and calculated based on what you owe that day it still saves you quite a bit. Take a bulk from the heloc and apply to the principle of your first position mortgage. Deposit your checks into heloc and it records as a payment and keeps interest down. Repeat this method until heloc is down to 0, then take another 10-15k and apply to the principle again on your first position mortgage. Rinse and repeat. Take a good look at this strategy.

@Craig Jeppesen we

Might actually be saying the same thing.

@Craig Jeppesen not according to my mortgage statements. I am paying significantly less in interest, the statement balance in which my interest is calculated is far less than what I really owe (since at the end of the month I take money out to pay all my bills). I also get an immediate return on my money by not paying what I do not owe (variable interest while my money is sitting in the heloc, instead of it sitting in a checking account collecting 0). Maybe your terms are different?

@Justin Jacobs you got it, good luck. If you want, we set some time up tomorrow and send you some resources that may explain it clearer to you. Jordan Goodman is a good source to, speed equity is also a company that tries to sell you a program to invest in to help track your progress (do not spend any money or is not worth it). The program is almost $2,000, when all you need to know is the concept.

@Christopher Winkler thank you. I am starting to see how late I am. Too bad, looks like such a good business.

Thanks again