All Forum Posts by: Keith Gardner

Hi Guys/Gals

I'm ready to take the plunge to buy my first investment property outside of my current home which doubles as a short term rental. I want to go the route of the BRRRR method. I want to use a Hard Money Lender using monies from a HELOC of my current property as a down payment. My question is, should I find a HML that will work with me prior to finding the deal? My thinking is that I don't want to find a good deal and then have to hunt down a lender that will work with me. I'd rather have all of that lined up prior to so that I can close the deal faster. Does this sound like reasonable thinking?

thank you

Hi Guys,

I'm a newbie here.  I've purchased my first house which I've been in for 3 years.  It's a single family home but it has 2 bedrooms upstairs with 2 full baths and a full kitchen, laundry room and living area.  The walkout basement has been completely finished with 2 bedrooms one bath, full kitchen, laundry room and living area.  It's on 4 acres in the city.  My goal was to turn my house into an Air BnB where I would have 2 places to rent and buy a condo to live in for a year and then rent that out and go from there  I've just recently rented a small space on my property for a tiny house and am receiving $300 positive cashflow from that transaction. My question is, with me just starting at the age of 55, is it too late for me.  My goal is to come out of my job within 5 years.

Thank you for responding