All Forum Posts by: Ryan Muska

Where are you looking and what types of properties are you looking for? 

When are you looking to purchase?

What is your price range? What is your goal?

Maximizing ROI can come in a lot of ways. Easiest way is making sure everyone on your team is on the same page. Communication is key and you want people who are ready to make a deal work.

Leveraging a HELOC to purchase/finance investments is a risky, but very lucrative way to use your equity. If you are comfortable, have the experience, and have accurately run the numbers, I'd say this could be a solid deal.

My one concern is the experience. Lots can be said, but can you execute? Have you done ground-up construction before?

I won't have much suggestions, but @Zaina Jouejati would!

Welcome to the BP Community!

 @Zaina Jouejati will give you the best options

In high cost areas, it may be virtually impossible to cashflow/hit the 1% rule today. However, 5-10yrs down the line, that 1% rule may be very easily attainable. Also, everyone is anticipating much lower rates over the next 12-18months, so if you purchase today you will most likely refinance to a lower rate in the coming few years.

With Real Estate it's important to remember not only that it is a long term investment, but that there are many ways to make money on the asset. Cash flow is only one of them. 

I'd say, if you aren't too far in the negative with the property's expenses and you are able to see growth in the area's future, then go for it and don't get discouraged if you face difficulties in the beginning. Everyone here is still learning, and we all started our journey somewhere.

"Long Distance Real Estate Investing" by David Greene is a good options and will help with getting an idea of good markets all over the place, not just your own backyard. 

House hacking is awesome!
Where are you looking?

Build a team:

- Commercial RE Agent

- Lender

- Contractor (for any updates/repairs you'd like to do)

- Insurance Agent