For finding my first properties, word of mouth and local networking worked well, plus reaching out to hosts on Airbnb with personalized messages.When pitching, focus on how you’ll add value (like boosting reviews or optimizing pricing) and avoid coming off too salesy.

Why borrow against an investment property at a higher rate than you can against your primary?

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

If they can get a property dirt cheap, you are still going to see it at the 80% of ARV like he says.

Make sure you get into a property than can support both options.

Hi Palak,Congrats on your first rental property!

It varies a lot and depends on the vintage of the property and your tenant base. 

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

As you were in property management, not sure if you ran your own company, but as you look at it..

How Seasoned Investors Calculate Net Income in ExcelNet Income in real estate investing is typically calculated as:Net Income=Gross Income−Operating Expenses−Debt ServiceNet Income=Gross Income−Operating Expenses−Debt ServiceHere’s a simple way to calculate it in Excel:Create a Spreadsheet with the following columns:Income Sources (Rent, Laundry, Parking, Other)Gross Income (Sum of all income sources)Operating Expenses (Property taxes, Insurance, Maintenance, Utilities, Property management, etc.)Net Operating Income (NOI) = Gross Income - Operating ExpensesDebt Service (Mortgage payments, Interest)Net Income = NOI - Debt ServiceUse Formulas in Excel:Total Gross Income → =SUM(B2:B5)Total Operating Expenses → =SUM(C2:C10)NOI Calculation → =B6-C11Net Income Calculation → =D6-D12Software for New Investors to Use OnlineIf you’re a new investor looking for user-friendly tools, consider:Stessa (Free) – Tracks income, expenses, and generates financial reports automatically.DealCheck – Great for analyzing rental properties, BRRRR, and multifamily deals.BiggerPockets Rental Calculator – A simple tool for quick deal analysis.PropStream – More advanced, with market research and deal analysis features.REI Hub – Accounting-focused software for rental properties.I hope this helps !