thanks @Chris Tan, i just wanted to make the distinction, wasn't sure if it made a difference.It just seems like an easy way to fund a purchase without having to deal with lenders (private, hard, banks) and without having to use cash.Thanks!

I bought my first duplex at age 27.

He has 2 surviving kin, one of which is institutionalized, and I'm fairly certain his (middle aged) daughter will want to sell.What makes this a possibly great opportunity is the fact that he was the first owner of the home, built in the late 50s early 60s, and owns the property free and clear!

My brother in law is interested in doing some JVS with us so that is fantastic from a capital point of view.One delimma we are facing is having no credit rating yet (slowly working on it but seems to take ages)Anyway that is a little about myself, look forward to meeting many like minded people and learning a lot, hopefully not the hard way! 

At the age 24 I had acquired and ran my own restaurant but I am now real estate investing full time.I am opportunist, seeking deals daily.Real estate ExperienceGrowing up in family who owned several multi family propertiesI have taken many courses to enrich my Real Estate platform.Created a Rent to Own CompanyWithin the past eight months I have done 15 JV deals - 22 doorsReal Estate GoalsMy real estate goal for this year, it to acquire 20 more doors by December.Currently seekingSeeking Qualified JV partners for multi-unit cash flowing rental properties.Private lenders or Hard money lenders, who will lend to Canadians to puchrase properties in the States. 

And after 30 years of a $1.1M paid-off house appreciating in an up and coming town, when I decide to downsize at the age of 65 i'll fund a good chunk of my retirement, or hand off a nice asset to my kids.If you could hypothetically take $100,000 on a HELOC and turn it into $5,000 per month cash flow would you do that?

At my age, I have no problem been well leveraged, as long as I have money in the bank and cahflowing properties.

Here was my criteria:  Age of owner(s) 45- 65+, equity 60-100%, Loan origination date 1900-2006, Year built 1990 to present (I heard this in a podcast and went with it). 

Congrats on making a lot of equity at a young age on your first condo purchase.

Let's try this again...Brett Avelin here.  LIve in Guilford, Ct, am looking to invest in New Haven CT if I can afford it.  Also looking at Wilmington NC on a tip from a friend if New Haven is too pricey (Last BP Podca...