All Forum Posts by: Gio Corpus

I resonate with you because I was in the same situation with some of family members. Sometimes if your goal is to help, you best work with what suits your dad. If you are a realtor you can even offer guidance, property management while getting active income your father can get passive income. It all depends but I would find a way where you are fairly compensated for your contribution while still being able to help your father.

Hey @Jessica M. If possible you can do a cash out refinance on both properties. If the property is in updated you might appraise higher. When you do a cash out refinance you may be able to pull out 80% and with that you can use it to buy properties. There are so many intricacies here. It may be helpful to work with a good MLO and a Buyer's agent that has investment experience. 

Hey CJ!

I have a few books that I would recommend. Some of these books are not specifically real estate investing but when you read them you will get plenty of useful concepts on business, sales, mindset, money and real estate. These books will ultimately help you in your real estate investing journey.

1. Rich Dad Poor Dad - Robert Kiyosaki (Arguably the holy book of RE investing)

2. Millionaire Real Estate Investor - Garry Keller

3. Think and Grow Rich - Napoleon Hill

4. The Book on Rental Property Investing - Brandon Turner

5. The 10x Rule - Grant Cardone 

I agree with @Bjorn Ahlblad If the numbers work the best is to hire PM to alleviate stress and could even help you focus on more investments.

Hey @Antony Charlier! Congratulations on choosing to start your RE journey.

Tips:

1. Take action. The last thing you want is analysis paralysis. 

2. Learn as you go. I learned so much from fixing up my first investment property. Bad contractors to good ones. How much rehab costs are. How to get permits and all the intricacies with that.

3. Keep a strong mindset. You do this by surrounding yourself with like minded people. What I do everyday is listen to parts of an audiobook every single day.

4. Set up good habits. Good habits are hard to break. 

Best wishes on your new journey!

You have plenty of options @Thomas Fowler. I can't tell you what you should but I can tell you what I would consider doing. If it's fixed up you can flip it and then 1031 exchange it for a better deal. You can also rent it out and HELOC to get money out of the property to buy another deal. You have plenty of options my man.

I agree with Austin. Ultimately, it's up to you. Make sure you know enough about the market you invest in. 

Wow! @Nick Rutkowski Congrats man! Keep up the great work. Thank you for encouraging everyone with your awesome story of making lemonade with sour lemon. 

Yes @Misael Carlos Vera. Financing can be troublesome in the beginning with an LLC but as you scale LLC can work better for you and help protect you.

I don't think I understand your question? Are you asking to rent a multifamily? Why don't you buy a duplex and rent out the other unit so they can help you pay your mortgage. You can go to any of these listing site you mentioned or realtor.com and filter out multifamily in the zip code you are looking at.