All Forum Posts by: Jonathan Gilman

Hi All,

A friend and I wanted to start investing in real estate properties. Since he and I work pretty demanding jobs, we are aiming to buy a house / apartment and use a property manager to assist us in finding a tenant, collecting rent, etc.

Since this is our first investment, we're a bit at a loss for first steps. We're not sure if we should be locating a realtor / property manager first (or perhaps someone who does both), or trying to find a location first. Is there perhaps a company that assists first-time investors in finding and renting properties? If anyone has experience doing this, can you just let us know what your general list of steps are? 

Lastly, does anyone have personal experience with any realtors or property managers that they recommend for us?

Thanks very much for your help - it is much appreciated.

Jon

Thank you very much!

Hi All,

Me and a few friends are interesting in getting started in Buy & Hold real estate investing, but are still very much in the due diligence phase. Essentially, our long term goal is to pool together some money, and buy a few properties. 

What i was wondering about is the following: once we have purchased one property, that mortgage will be on all of our credit histories. Even if we are making all of our payments (which we will be), when we want to purchase a second property, we will be too overleveraged and a bank won't want to give us a second mortgage. I was wondering how people get over this hump - even for single investors. How can you secure a second mortgage for another investment when the first isn't completely paid off?

Thanks!!