All Forum Posts by: Jeremy Clarke

Steven Picker thanks! I had no idea that some would pay.

Matt Lefebvre . It would be a little bit of both. As I continue to acquire real estate it would be nice to save on the fees side. My thought is that through the network of people I know as well where I live that I might be able to make so deals to friends and make a little money on the side. Think it's worth it?

I'm considering getting my real estate license. Where should I start? What does it cost and are their maintenance fees? Anyone in Colorado know of a good program? I am in Fort Collins about 1 hour north of Denver.

Thanks Joe. I have a rental home in the community I live in. To your point, it definitely makes it easy when something breaks. I am about 1 mile away so it's very convenient. If I went the vacation rental route I would then have to take on a property management company which would eat into my profit, but could be worth it depending on how much of a return I get.

Hello BP community! This is my very first post. I signed up for this website about 20 minutes ago. I'm looking for a little advice. I'd like to start out and explain my situation. I do not consider myself and expert in the housing market. I know enough to have an intellectual conversation but maybe not enough to be dangerous just yet. That said, I own two properties. 1 of which I live in and the other of which I rent out. My LTV on my properties are pretty low. Currently I have about %20 LTV in the place I live that I just bought and the rental about %66. Total cash amount would be about $120k-150k in total for both properties. I have been thinking about purchasing a true investment property in a destination location (beach or mountains). Two reasons. One, selfishly so that I can visit it whenever I want! But secondly, because the markup to rent out vacation places are much higher. So the idea is that I could make a higher yield on the vacation rental. Since I don't have enough cash on hand to buy a 3rd place I've considered taking out either a HELOC or a home equity loan to fund the down payment. My question is, is that a good investment or a poor decision? Obviously my goal would be to make positive cash flow (40%-%50). Looking forward to any advice!