All Forum Posts by: Samuel Cardenas

Thanks @Jordan Deeney, will definitely take that into account! Do you have experience using this method as well? If so, do you mind sharing your experience? 

Thank you for your time @Grant Liddle, its extremely helpful to see other people doing really similar things! This is almost exactly what we are attempting to do with the HELOC.

Thanks Greg, I will continue to look into this.

Good afternoon Bigger Pockets family!

So, currently own 100% of equity in a property and have been looking on how to expand my portfolio in the real estate business. After doing research I found the BRRRR strategy using HELOC. Does anyone have experience using this method? If so, what did you learn, struggles, things to lookout for? Is there a better way to go about it? Etc.

Thank you guys so much in advance!

Thanks for your time Joe, will be looking into it! @Joe Sadusky

Good afternoon,

My name is Samuel Cardenas and I purchased my first piece of real estate property (duplex) August of last year (2018) via FHA. I am currently house hacking ( renting a unit, living in the other). Now, I am currently stuck on ways to purchase my next property financially, therefore I am reaching out to my bigger pockets family to help assist of ways I can tackle this. Thank you guys so much in advance! (:

@Jeff Brower congratulations! I also purchased a duplex this year and did the same exact thing, house hacked one unit and renting the other. The tenant that was inherited,  also left because they refused to pay market value price. I am currently struggling in finding potential tenants  as most are failing to meet minimum requirements. Any advice on how to reach out to potential tenants? 

Alright, so I have been getting a couple different answers and I think I know the answer but I would like to get different responses from the BP community! 

I recently purchased a duplex in Cicero, Illinois via FHA. I will be house hacking it for a year or so but want to know if I can essentially turn the property into an LLC at all or after the year mandated is up? I have been told yes after the year is up, no not at all, and after a 5 year frame.

Thank you guys so much in advance!! (: