Areas with good rental demand or up-and-coming properties could give you more predictable returns.Do you already have a type of property in mind—like single-family homes, or are you considering duplexes, condos, or other types of flips?

I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

I was specifically interested in his 2nd plan which was "Building wealth through single-family homes" where he basically says you save enough to buy your first property along with enough for other fees and then you just keep saving the money you make from that property along with some money you save from your job and once you have enough money you buy your next property and then you basically just keep repeating that until you have your desired amount of properties.

I have been investing since 2008 and have purchased everything from single families and duplexes, to 250+ unit multifamily, to assisted living, to shopping centers, to industrial and more.

@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

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.

While JV's can be more all encompassing, generally they are used for a single deal at a time.

My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy.

For those that have yet to do this, it takes less than 10 minutes if you are a single member llc - just make sure to have a copy of some sort of identification. we did all of ours .. and our attorney contacted us as well and let us know to get them done or he would do them for us. 

Hi Brad,It looks like you had lots of great answers already, but I wanted to chime in with my two cents.Using Traditional IRA funds for a down payment on a single-family home (SFH) investment property can be tricky because the IRS has specific rules regarding retirement accounts and real estate investments.