All Forum Posts by: Jeremy Karja

That makes sense.  Thanks John.   Would it make sense to do a personal line of credit and a Heloc to have both to use for separate investments?

@Kiyon Buckley- Yes, net of ALL expenses.  Thank you for your insight.  You sound like s seasoned guy.  I appreciate that.  My thoughts are duplexes to fourplexes mainly and smaller apartments in the 3rd, 4th, 5th year if I can find them.

Thanks Pauline!

Thank you @John Woodrich.  I assumed a large bank like wells fargo would be a bad place to start.  Also, I assumed to get a relationship going with some smaller credit unions might be a good idea that I may use for future loans or transactions.  Any thoughts on that?

@Pauline Misiak - Is this still for sale?  My email is [email protected] if so.  Thanks!

Hi @Rob Grove,

I am interested if it is still available as well?  I assume not?  How rough of an area is this?

Hi,

I am wanted to do a HELOC and take a loan against the equity of my home. Who should I go to in MN to do this? If you do not have a specific one in MN what type of companies should I look at?

What are the things I need to look out for in doing this?  Any gotchas?

I am looking to invest using the BRRRR strategy then pay it pack after the remodel.

Thanks everyone.

@Nick C. thank you.  I see you have good experience and similar goals to me so I trust that.  I have a local friend who used to flip a lot of houses but he is very much against getting it because the of the risk that people saying you misrepresented them as a licensed professional etc.  Also, limited to how you raise capital etc.  But I am seeing you are looking to raise capital for 50 rental properties so I assume you do not believe it will hinder your ability to raise capital?

Hi,

I have a full time Job.  I have a goal to produce 120k in rental income in 5 year or less in duplex and larger properties.  I start with my goals because most comments ask for what your goals are.  The question is what are the pros and cons of getting my license.  I would 'list' a home every now to produce and supplement income which I would like.  I do not plan on actaually showing houses.  It looks like I can get my license for around 1500 total and just play a flat transaction fee with a broker.

1. Is this worth it from the transaction standpoint when i do generate deals and make a little side money with friends and family and 2. would it make sense as an investor buying 2-5 + doors a year?

Questions welcome, thank you!

@Carl Fischer - Can't thank you enough.  That clarifies things for completely... at least at this juncture.

Thank you and I hope others see your post who have the same question.

Best of luck,

Jeremy