All Forum Posts by: Troy Halsey

Hi everyone,

My name is Joe. I'm new to real estate investing, and I am eager to learn and jump in quickly. I'm open to different strategies, but at the moment, I am looking for single family homes in Maine, Pennsylvania, Ohio, Kentucky, Tennessee, Virginia, and North Carolina. I live in NY, and I am looking to invest out of state in short term rentals. I work in tech, so any strategies for streamlining or automating the research and investing process is music to my ears. Looking forward to meeting and speaking with everyone.

I'm currently 32, I Locate underground utilities full time. I'm saving for my first duplex hopefully in florida in three years. In the meantime I wanted to level up my career in hopes to benefit real estate investing in the future, I wanted to know if going for construction manager career is a good option? I thought it could benefit me in the future of buying properties to fix and rent or to buy land and build properties to rent. Is this a good option? I don't know who to talk to, I was curious if there's any companies I could work for and learn construction management or if I need to be enrolled to do it. I'm also wondering if my efforts would be better spent just going to school to major just in business instead? Or maybe just become a realtor and ditch the whole idea of trying to fix the homes or build the homes myself? Anything greatly appreciated. Thank you.

I would just refinance them at 70% as a rule. Just make sure that they still have positive cash flow.

If you own the triplex and it's all rented out, you might consider doing a HELOC to use for another purchase if you can't do a re-fi. But the interest rates would be a key factor of those options as well as getting another mortgage to purchase the next property. Whenever you can use OPM (other peoples money) you save yourself from using what you have in reserve. 30k is a decent amount but you might want to consider other options that could help you keep most or all of that amount. Your goals and strategies will also play a role in which option you choose. It'll come down to what are you willing to move forward with and still sleep at night. The way I look at interest rates are that if I get into a mortgage that is a little high, I will refinance when/if they come back down. If they don't come down then I'll have an interest rate lower than future current market. Also if the rates don't come down then I would look at doing a HELOC which my mortgage rate will still be lower than rest of the market and I can use the money to move forward. Hope that makes sense.