All Forum Posts by: Josh Martin

We have one small car loan between the two of us. She is completely on board with this as well. The $250 we bring in from the current rental gross income and not after putting money back for expenses. How ever we have a decent savings that we will use if something were to come up.  I guess I am curious as how exactly I should best use my equity?  After doing some research, turn key rental houses that are rented section 8 and not in the best neighborhoods seems like the easiest thing to get into. How ever, I am not sure I am ready to deal with that class of people yet. 

 Thats pretty crazy about the Craigslist add!  I will most definitely be giving you a call soon!

I do not have any answers for you, but I am subscribing as I am a newbie as well. 

Thank you all for the time and thoughtful responses. I plan to talk to a few different lenders in the near future and see what kind of numbers we can come up with. I have another question. Would it be a smart move to get a LLC and retitle my current rental to the LLC before I go and talk to said lenders?

Hello everyone,  I am looking to jump into the real estate game and would like some guidance.  I am a 24yo that works full time as fireman and just recently got married.   When I married, I moved in with my wife and rented my house out.  After seeing $250 of passive income a month I have decided that I want to continue with more properties.  I have about 70k of equity in the rented home and I want to use it to add to my.  I would ideally like to own multiple cash flowing rental properties.  My question is how do I best utilize my equity?  Do I buy and flip a couple houses to generate cash for rental properties?  Do I use my equity to buy several rentals right out of the gate?  I am in Birmingham Alabama, so if anyone knows of any investor friendly lenders feel free to share.  Thank you for your time!