When you buy, make sure to have at least 3 months of reserves for an emergency fund. 

Additionally, cash purchases can often be quicker and simpler, avoiding the complexities and timelines associated with HML.However, using HML can preserve your cash reserves for other opportunities and emergencies.

The best system for generating motivated seller leads in my opinion isGQREA: http://RealEstateLeads.pro.They are a real estate trade association and they actually schedule appointments in the zip codes we gave them.My account manager is Andrew and their number is (877) 677-8077.If you call, just let them know I referred you.

I have HELOC on my own home and thought to use it to pay off my sister’s debt, but it is just the trade off debt, instead of her , it’s me now. 

Hi I am a midterm rental investor, travel nurse by trade, lived in multiple mtr on my travels, have a great desire to grow in this industry.

(Fortunately, we were insured)Emergency Fund: Always have extra cash for unexpected events.Tenant Support: Keep good communication and support your tenants through tough times.Final ThoughtsThis July 4th was a disaster, but it’s also a stark reminder of the unpredictable nature of real estate investing.

The second mistake is that you must beef up that emergency fund for your investments.

Yes, it is a commercial property and it normally is valued off cap rates,  but by checking sale comps, you have an idea of roughly what properties are trading at, and you can work backward. 

Here are some key recommendations to consider:1.Focus on Emerging Neighborhoods:Look for emerging neighborhoods in Orange County where property prices are still reasonable but expected to appreciate.2.Niche Markets:Consider niche markets like student housing or senior living, which can offer stable rental income.3.BRRRR Strategy:Use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) to increase your property’s value and refinance to reinvest.4.Partnerships:Form partnerships with other investors to pool resources and share risks.

Credit (both score and trades) will be factors with DSCRs, as will experience and whether you own a primary.