Every investor has their own path, and hearing different perspectives will only enrich your journey.Challenges in Real Estate Investing:Finding deals: In competitive markets, it can be tough to find good deals that make sense financially.Capital and financing: Finding funding, especially as a new investor, can sometimes be challenging.Dealing with tenants: Managing rental properties and dealing with tenants can be tricky, especially with issues like late rent or property damage.Market risk: Real estate markets fluctuate, and external factors (like economic shifts or local development projects) can impact property values.I’d be happy to continue the conversation if you want to dive deeper into any of these topics!

We did not do this and still encounter less than ideal setup the result of our initial setup many years ago.  

Good morning All,I've been real estate curious to the point of obsession for about a month now, but in that time I've started to develop my tentative plans.

After living in the property for a full year, we have come to terms and accepted that this is not our ideal location.

Look for a local credit union that can offer a cash-out refinance once the work is done, ideally with minimal seasoning.

Ideally they did not pay over retail because if they did they could easily lose the money they put into the property if the loan gets called.  

., are all ideal in my opinion. 

#universitycity is an amazing area located in #charlotte with ample developments, entertainment, dining, and other things to do!

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

Ideally a HELOC is used for less then a  year project where you can refi or sell to pay back the HELOC. 5 years is a long time, things can happen and if you reduce the cashflow on both properties you'll be increasing the risk and having thinner margins.