All Forum Posts by: Michael George

I am a newbie in real estate investing. I currently have a home and my SO is buying a home of her home. When we move I plan on renting out my existing home. My question is further down the line when I want to invest in another property, should I take out equity in my home that I now will be renting OR apply for a brand new conventional loan whereas I would need 20% downpayment?

question for both, whats your opinion on financing a deal via ones 401k vs a hml?

besides the obvious which is the high interest, what else would be wrong with using other people's money like a HML?? If the ROI is sufficient wouldn't be worth it?

Thank you Barry!

well yes and no. What I am asking is, this is my 1st potential deal as an investor. additionally I am having to utilize a hard $ lender. With all the stipulations of a hard $ lender, coupled with this being my first time, whats your view of a safe amount to try and leverage?

So what does the forum think is an acceptable amount to try to leverage from a hard money lender for an investor's 1st time out? I'm a little skiddish since I would be dealing with $ not of my own and pressed to make the deal and a profit a reality.

So what does the forum think is an acceptable amount to try to leverage from a hard money lender for an investor's 1st time out? I'm a little skiddish since I would be dealing with $ not of my own and pressed to make the deal and a profit a reality.

Good evening wholesalers, investors, and all other real-estate professionals. I’ve got a question. For those that use or have used a hard money lender to finance your deals, are there any other viable options other than utilizing one’s own savings, 401k, etc. for the down payments and monthly interest payments needed to be paid until your deal has been done?

Hello

My name is Michael and I am new to real estate. Been in the "Ratrace" as we call it for over 20 years and recently took a 3 day orientation with Fortune Builders and I am now hooked. My question is this. Ive been told for folks like me starting out and without alot of start up $ to invest in property that wholesaling is the way to go. Can someone chime in with their opinion for this newbie? What do folks also think of Hard Lenders or utilizing a HELOC? Thanks in advance