All Forum Posts by: Pasha Gorky

I am looking to sell my condo and my friend is interesting in buying. I don't want to pay MLS listing fees or agent commission fees. What's the best path forward for me?

I think I can sell my home for about $180,000. So if I involve a realtor, I am on the hook for 5%, or $9,000 on top of all the other fees.

I am looking to purchase a 2nd rental property. My 1st rental is fully paid off and is occupied. I also have enough equity in my primary home to cover the purchase.
Should I do a cash out refinance on paid-off rental, do a home equity line of credit (HELOC) against the rental, or a HELOC against my primary home? 
I found a credit union that can open a HELOC at a 3.49% for the next 12 month which sounds very attractive.
What would be my best option here?

I appreciate everyone's replies here. It does make sense.
A contractor may not want be a landlord like me, but I, a landlord, don't want to be a contractor. 

Hello. I'll make this post an introduction, as well as my first question. 

I consider myself a beginner, despite being a landlord for close to 15 years now. I purchased a 1 bedroom condo for myself after moving out of my parents house, and then started renting it out when I moved in with my girlfriend (now my wife). Hindsight is always 20/20, and I realized I missed a very large opportunity in 2008 to purchase at least a few condos in that area for under $100,000 that could easily rent for $1,200. 

I am trying to learn as much as I can. I've attended a webinar , read "Rich Dad Poor Dad" book and currently reading the "BRRRR" book. Both of those books talk about having a dream team. You need a realtor, a contractor, etc.

Here's my question:
Why would a realtor who finds an amazing deal want to share it with me, instead of buying it for themselves?
Why would a contractor not want to buy that run down house and fix it themselves for the purpose of renting of flipping?