Quote from @Hermes Kanaris: Hey everyone, im new to this community but always wanted to be in real estate.

@William BohanWell, owning out of town means finding good "people" to manage and support your investments... 

A good attorney will even warn you if you are doing something illegal.As you can see from the list, a wannabe or "self taught" or poorly trained by videos or in a "community", does not provide the breadth of knowledge & experience to keep people out of trouble. 

New deliveries are hard to get out of the ground because rents aren't high enough to support the projects at today's costs and interest rates. 

I’m excited to introduce myself as a new member of this vibrant investing community.

Welcome to the BP Community and most folks I know that are in your same situation with properties in 1 or more LLCs end up refinancing those properties into DSCR loans (instead of HELOCs) to extract the cash they need for their next acquisitions.

The community actually looks pretty sharp for what it is. 

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

Hello BP Community!