For my personal properties, I design the mortgages so that I'm just above cash flow neutral. 5% of the gross income is a good number I shoot for above neutral.

One thing I can tell you is I have never known a person who was a successful mortgage broker and realtor at the same time.

You turn right and people willing to sell below market value chase you.You turned left.So you complain to your favorite Guru that you are not getting much luck with your mailers calls and texts.3 guesses what EVEY PERSON on Bigger Pockets is going to tell you?"

Personally I only use my HELOC on short term projects like flips, new builds and BRRRRs where I know I will be replacing the capital within months.You may be better off waiting a year and save up more cash or liquidate your index funds if the returns on a property will be better.

Hello! Just focusing on reducing debt , I tutor chemistry which has been helping with finances. Looking to knock out all credit card debt early next year and rebuild the 6 month emergency fund.

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

I know someone who ahd a loand written at 10% from years ago and now they said a state is requesting more info on the loan because it was above usury laws and they may have to cut a check back to that person.

You cannot use personal funds.You must pay others to do repairs and manage the property.

She was also the “boots on the ground” person which allowed me to work remotely and be with my baby.

Unlike traditional banks, which focus heavily on personal credit and income, portfolio lenders prioritize the cash flow of your property.