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All Forum Posts by: Zak Smith

Zak Smith has started 2 posts and replied 11 times.

Starting Out

Post: I'm new, where do I go from here?

Zak SmithPosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 11
  • Votes 3

Hello everyone, I'm new on this site and I'm also new to real estate. I purchased a condo in 2017. Its a 2 Bdr 1 bath. I recently just took out a HELOC on it for $25k for a down payment on a 1Bdr 1 Bath rental property that I'm closing on next week. I've done my research and the rent for this property will cover the mortgage, HOA, and my HELOC payment. But it will leave not much else. I don't make a lot of money as of now but I'm in the process of picking up a second job. I really want to try to get another property ASAP.

What can I do to move forward with that>?

1 Vote