Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

@Micheal Singleton I have the perfect person you should connect with.

Are you able to go there in person to build your network? 

So they price those homes at what a willing homeowner will pay for their personal residence.

Point noted about not being able to underwrite without seeing things in person.

I don't know if they still do it but if memory serves a few years ago TD Bank would do a HELOC on a rental in second position but only if it was titled in someone's personal name. 

Build connections with local professionals, talk to them in person, and value there time over yours.

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash. 

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need too