I’ve made some valuable connections here and picked up a lot of helpful advice from the forums.I’m an investor and real estate agent in the Grandstrand area, so we might even have opportunities to help each other out in the future.

Hey Suhaib,It sounds like you're planning to stay in your rental part-time, so the big question is: are you focused on cash flow or equity?

We have been saving up for a down payment on an investment property, but we are at a bit of a crossroads with what step to take next.On one hand, we want to get in the game as soon as possible and have considered getting an LTR property first, so we can begin to learn about the ins and outs of REI.

Philly is one of the most block-by-block investment markets in the country so all Philly investors have to know exactly where each neighborhood bends and breaks.

So, I feel as though I am speaking from experience, that paying a little extra and going with a stellar sales team was more than worth it than trying to sell it ourselves out of area.

So let's get a conversation going!

I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

Get more people working in sectors where we need them and provide incentive to do so. 

Sure there are people who have done it but like Joe mentioned above is why your rate on HELOC is probably higher than your first mortgage so you'd only do it if your balance is really low and near the end of your term anyway so you're just getting it paid off quicker (like the last 1-3 years of payments left) becaues you want to get ride of the monthly payment and improve your cashflow now versus later.

It’s a little tricky because it’s so location dependent.