Did it work out well for you?

It doesn't always work out perfectly but it's been a great strategy for us to build our rental portfolio.I'm sure there are lenders who might chime in with other recommendations.

To do this you could take courses, attend training sessions, seek out a coach or mentor, and read articles and books.

So how did it all work out? 

Approaching 30 MTRs in LA and some in Vegas, I've learned a lot from Allen, who also recently launched a free Skool Community where he has weekly Q&A sessions and provides long-format content on how he operates his MTR business.If anyone reading is in NJ or has an interest in MTRs, the above folks are the go-to people!

Update: HB 301 was withdrawn last week.It will reappear in some form in the next session.

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

If that area does not workout for you, then I would consider investing in Toledo!

HELOC interest rates are typically variable, meaning the interest rate changes periodically (often monthly), which adds some unpredictability.If we assume a $150k balance, though, at 9% interest rate with interest-only payments, then the monthly payment would work out to ($150k balance * 9%) divided by 12 (months) = $1,125 per month as interest. 

It all comes down to how the numbers work out and what your goals are.