In fact, many of their stories, just relied on, picking up a few investments in solid areas, taking care of them, and holding onto them for a long time. 

Hello Everyone,I was talking to an investor in regards to financing and his suggestion was to get a 500k loan to put towards all current debt, but wasn't sure all the factors that may be implicated with going this route.My current portfolio has 2 properties (1 LTR, 1 MTR = 370k), and current debts: HELOC at 54k and a vehicle at 40k. 

I am considering switching it to a section 8 rental.

@Craig BowmanStarting with house hacking is a great way to start real estate investing.

Feel free to connect with me for a bit of a deeper dive!

I have a CPA I work with who I’m sure will sort all of it out, just didn’t want to do something if it would cause a huge tax headache later.Do you know if you convert a STR to a LTR after a cost seg, will it cause a large repayment of taxes (I’m doing the cost segs to lower my W2 tax rate).

You have a good foundation, but you are overplanning right now.

I'm a bit stuck. 

I'm Emily and I work as a Learning Specialist in Los Angeles.

If you buy a house with a $1,500 mortgage, you also need enough to cover taxes, insurance, and maintenance.