All Forum Posts by: Nathan Holt

Just curious, not that I am anywhere close to the ability to consider this, but are you able to take a HELOC out on multiple combined properties or does it have to be just one? For instance if I owned two quads and I want to take out a HELOC for the most value out of them, would I be able to put both properties under the same HELOC or would I have to do them separately?

 Awesome! thank you!

Awesome definitely will!

Dude you're doing awesome! I also am in college and working full time and I just bought my first property back in September. 

Have you decided what kind of investing you want to target (flipping, wholesale, notes, multi family etc?)

I would highly recommend looking at house hacking. That is what allowed me to get into real estate so early because I would not be able to afford any other type of investing right now. My job does not pay me good at all (my tenant makes more money than I do) but because of the rent that comes with the house hack it allows me to use the rent to pay the mortgage and I just have to cover an extra 159 a month on top and pay the utilities which in the long run makes it cheaper than what I was paying to live in an apartment.

I would also definitely recommend looking into your local real estate investor groups. If you cant find any try asking people on here if they know any or find a local real estate agent who works with investors, they will probably know where to direct you.

If you want more book podcast or video recommendations feel free to message me I have been collecting and organizing content from all over the internet for the last 3 years and I have a lot on just about any subject you could ask for so you wont have to go sift through it yourself. 

I would definitely recommend prioritizing the new bigger pockets book "Real Estate by the Numbers" by J Scott and Dave Meyer if you are seriously looking at getting started within the next year or so.

Making this jump is super scary and can be stressful but it will be worth it if you put the work in!

Good luck!

I love the biggerpockets podcasts and the content they have there but I also want to see more renovation and hands on videos as well. I like watching Home RenoVision DIY on youtube and stuff like that. I was wondering if anyone else had more specific recommendations for channels podcasts or anything of the sort to do with flipping renovating landlording or any other similar projects? Basically just asking what is your favorite real estate internet content?

Investment Info:

Small multi-family (2-4 units) other investment in Newark.

Purchase price: $130,000
Cash invested: $3,991

This is a buy and hold, fix and flip and house hack all in one. It has quite a lot of work to be done but when it is finished we plan to have it in shape to pull in 1,100$ a month in rent from each unit.

What made you interested in investing in this type of deal?

I had been looking to get a househack as a method to get into multi family

How did you find this deal and how did you negotiate it?

I found this deal through my realtor Amber Burns. We bought it contingent on one of the tenants moving out, a roof leak being fixed, and a 8,000 cashable check to replace the a/c units after the sale.

How did you finance this deal?

$130,000 FHA loan through GoMortgage with Julie Mcfarland as our loan officer.

How did you add value to the deal?

We are currently renovating the unit. We raised the rent from $690 a month to $800 and will raise again when renovations are completed.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Amber Burns (realtor) and Julie Mcfarland (loan officer) were really great to work with and helped the first time home buying and first investment buying process rung extremely smoothly. I highly recommend them.

I knew someone when I was a kid who's dad did that. He was very successful though I am sure it comes with its own challenges. I think it would be a super cool business though!

February 5th 2015 Grant Cardone said on biggerpockets podcast "If you could get half the people in the United States to hate you, you could be the president." Four months later, Donald Trump announces his candidacy.

40 minutes and 38 second into the episode

https://open.spotify.com/episo...

I hired a guy to do some drywall work, he did part of the job so I paid him 1/3 of the money (500$) then he disappeared. Just talked to his brother earlier this week, turns out he is in jail. Should I try and get my money back from him or wait till he is out of jail (no idea how long that will be). Has anyone had this happen? Any recommendations?

Thanks!

Congrats dude! This sound pretty great, what kind of creative financing did you use? Do you mind sharing purchase price, renovation costs and CoC returns?