All Forum Posts by: Jen Narciso

Welcome David! I'm actually reading a great book that I found on bigger pockets called The Book on Investing in Real Estate with No and Low Money Down, by Brandon Turner. It's a great read and tool to use for thinking through creative strategies on finding money to make your next purchase. There are a lot of great tools on this site too to help you take the next steps. 

Best of luck! 

Take a look at the homes in your area and see what the sale prices are and how quickly homes are being purchased for. If homes are selling fast or at exceedingly high prices, it's a sellers market. 

My husband and I currently own a multifamily in south orange nj. We are owner occupied and looking to purchase another investment property. Out money is tied up right now but are thinking about taking a heloc on our current home to purchase a foreclose. I was wondering if anyone has used this strategy before and could provide guidance? Also, would love to hear someone's experience purchasing a foreclosure and the process. I'm looking into an auction but am new to this and would appreciate any advice. Thank you.

@Adam Rothweiler we used our own money and put down 10%. If you have any ideas would love to hear them. We won't be able to use our own money on the next investment. 

I totally understand! Mu husband and I bought a two family two years ago and live in  one of the units. That first leap was intimidating but it helped that we are going to live in it. For some reason, it made it a more manageable decision. Now we are looking to get a second investment property but the jitters are still there since we can't put 20% down. I will say we are so happy we made the first investment, and if you find the right deal, it's worth it in the long run!