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All Forum Posts by: María Del Pilar Polo

María Del Pilar Polo has started 1 posts and replied 3 times.

Thank you for your replay. I'm currently enrolled in the classes and seminars of Rich Dad and Poor Dad to learn as much as I can before taking huge risk however the HELOC is the best way for me to get some cash to invest. I'm not planing to spend it all at once. Thanks for the tip on your wife's perspective regarding the area where to buy. Is there any web pages you can recommend for me to start doing my research on a specific area. Thanks again

Quote from @Glen Wiley:
Be careful with using something like a HELOC, make sure you understand how high and how quickly the interest rate can increase and whether you can afford the payments.

If you have no idea about an area then do not invest there. That would be speculating not investing. Take the time to educate yourself about the area, the specific deal and how to properly analyze a deal. One of the tests of a deal that filters them for us is my wife considering whether she would have wanted to live in teh house and raise young children there. This has helped us select properties that appeal to young families and has led to long term tenants with low vacancy.

SFH is a great way to invest in RE but is not a get rich quick path. While cash flow is really nice, often the biggest return is via appreciation, increased equity takes time to leverage.

Hello to everyone, 

After working in Dental Hygiene for 22 years my body is telling me to stop (pain in left shoulder and possible future surgeries). I  truly love what I do and helping my patients unfortunately I know I will not be doing this much longer. I need to find a different source of income to be able to support my family . That is why I am here today.

I have always been interested in Real Estate and I believe this path will bring me to a financial stability. 
I have listened and read several books already regarding RE investments and I'm sure I would like to start my journey with SFH long term rentals but have no idea where. I'm currently in NE Georgia (Suwanee) house here are extremely expensive and I don't believe a good renters market.
Some friends have advised Macon or Columbus but honestly I have no idea how to determine if an area is good or bad for long term rentals. 

I will appreciate so much any info, help or connections (even friends ) I can make to start my journey in a positive way. I have taken a huge risk by taking a HELOC to be able to start this path and I'm am a bit scare to lose it all. I have two kids that depend on me and cannot afford to make really really bad mistakes . I am willing to learn from any of you any tips and any knowledge that might help me.
I’m grateful for any insight and advice anybody can provide. 
Thanks for taking the time to read my post