All Forum Posts by: Michelle Sharko

I'm very new at this, wanting to buy another property. Was looking at multi family, STR but can't seem to find any in the surrounding burbs of St. Charles IL. or In Wisconsin where my second home is. Chicago has a few but some are not in great neighborhoods. Do you buy I'm not so good neighbor hoods?

I’m wondering about Jacksonville FL? Possibly Detroit? Detroit worries me a little, not very familiar with the area. 
Jacksonville has great townhomes with good price but not sure on the cash flow for rentals are. With Mayo Clinic there O thought it might be a good place for rentals? 

For financing which is causing me a headache!! Best ideas for FINANCING. 

Should I turn the lake house into rental property to have a better chance at getting a HELOC loan? Our DTI was 45% I do have a stock portfolio that I can draw from, they (FLAGSTAR) wanted me to take a monthly income from that to bring down the DTI but I really don't want to do that.
The second home right now is probably worth $500-$600,000 is in a gated golf community where rentals are high. No one ever sells in there. Bought it for $360k no mortgage.

I could sell but honestly we want to put it into the trust for kids so they can have it.
We are finding it difficult to get a loan without me not having income.

3. Where is the best place to start learning more? Best book, seminar, you tube, etc.. Reading David Greenes book BRRRR now.

LOOKING FOR a Hack house for my kids, rental in Florida, multi units.

I’m all over the road, I’m 56 really just want to start building more wealth before we retire. 

Any help is much appreciated 

 Thank you, I’m very new to all of this, but I am renovating my home right now so trying to get the best bang for my buck. I also have a second home in Lake Geneva we use but think I’ll start renting it out, needs very little updating but would like to do some. Looking to buy another property just not sure where. 

Oh I’m in Illinois. Thank you 

I’m new at all of this, reading & watching as much as I can. 
I’m 56 year old mom of 5 and a grandma to 1. 
Im looking to start investing in Realestate, have a stock portfolio which is not doing as well as I would like. 
I know I’m a little late in the game but want to make sure I can retire peacefully, make sure I can provide for weddings & more grand babies to come.
I do not work, my husband works, we just tried to get a HELOC on our primary residence was pre approved got all the way to the end and they just wanted more then I was willing to give. We own a second property no mortgage, want to know which is my best move with this property for getting equity from it? With ingest rates the way they are is this a good time to be thinking about this?

Not sure if this will apply. I’m new to all of this. 
I already have an LLC, I'm wondering to set up trade accounts to get the discounts for Remodleing projects example Wayfair, Home Depot etc.. can I do this with my existing LLC?
use my EIN #? Instead of using my own personal SS# to open up credit card accounts to purchase items. Trying to keep my personal credit from getting strikes every time I open a credit card or punch my limits up. 
Good idea or Bad?