All Forum Posts by: Robert Dennehey

I would take you up on that. I have just found a realtor who says he can find homes off market going into foreclosure that could potentially be a place to start. I went to the bank and opened a line of credit which I can now borrow against if and when needed. I am finishing my basement which should add a great amount of equity once done as it’s 1500sq ft. Also great experience. I Will be leaving the country for five weeks here shortly but I would love to connect once I’m back.  

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We have a house with 135k equity. I currently have a young family with two children. my first thought is BRRRR. Buy a cheap property on a Heloc and hold the 20k for unplanned expenses as I am new at this. What are your thoughts on this strategy?

Thanks!!!

I have saved $20,000. Is this enough money and how should I get started?

@Brian Spies

I actually won 25k. They took taxes up front. I received 17.5. I used a bit of that money and invested into a couple small flips (non real estate related). I am hoping I do not need to pay more in taxes but won’t know for a couple of months. I will be taking in as much info over the next several months to see where it takes me.

@CJ M.

Thank you much for all of your advice. What a great platform to get education!

I recently won a small sum of 20k in the lottery. I have roughly 75k of equity in my current home. I’d like to get into real estate but have zero experience and if it’s the right investment for me. I am looking for advice. Any support or direction is appreciated!