All Forum Posts by: Michelle Cohen

 Thanks! We bought in Cleveland and we're looking there for our second property as well. We have the realtor, property manager, and lender... we don't have a contractor, but the PM has a network they use, so we just let them handle it.

We closed on our first investment property in January, and we're casually looking for our second deal now (but will probably wait until early summer). Where should we invest? What if we picked the wrong location? Which neighborhood? Which house? What amount? What can we afford? Once we had a realtor, he helped with a lot of this! I was still a nervous wreck about the whole thing. I'm still nervous, but we're almost two months in now, so... we're doing it. We are using a property manager (we live in Florida and our property is in Ohio). I'm not sure we're doing things right, but my husband, who is the numbers guy, is confident. So I'm very much still a rookie, but we have made that first step and are planning to take a second step to meet our goals (goal is 20 doors in about 7 years so we can pare down our work to part time/consulting).

 Hi! I know it's been over a year, but do you have a real estate agent to recommend? 

To clarify, you're saying that the bank might decide randomly, maybe two or five years into the draw period or halfway through the repayment period, that they want to be paid back right now? Am I understanding this correctly? We are currently in the process of applying for a HELOC that has a 10 year draw and a 10 year repayment.