All Forum Posts by: Miguelli Fernandez

Nicholas, thank you for replying.  I have been wrestling with this the last few weeks now.  I am working with an investor friendly agent that has had great reviews on biggerpockets but still doing my own research on them, their content, and their recommended vendors/services.  Problem is you don't know what you don't know at my level.  Stuck in analysis paralysis. My wife and I have a high w2 income and hoping to add real estate to the portfolio to diversify, learn something new, and for tax purposes. 

Hello everyone! I am beginning by real estate journey with purchasing my first multi-family home to rent out to section 8. Does anyone have any feedback or thoughts on which loan product to use? I have my primary residence that I have about 450k of equity in. Given that I've been able to find brokers willing to give me a HELOC off my primary residence with a fixed rate are there any drawbacks of using a HELOC instead of a conventional loan vs a home equity loan? I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.

Hi everyone! My name is Miguelli and new to the game. Full time flight nurse and pay/schedule is allowing me to dabble in the world of real estate.  I’m interested in Cleveland market for either single or multi family section 8 rentals. In the analysis phase and just taking all of the information in! Looking forward to building a trustworthy team out there and connecting and learning from those ahead of me!