Congrats on your purchase and on getting started in MTRs!

I used it to purchase an off market deal and am about to refinance to pay it off and pull out equity (550K total). 

and then a commercial lender the rest of the loan to purchase?

I started my real estate investing journey this year with the private purchase of a off market house that went awesome.I then found a interesting triplex/warehouse property, went and looked at it with the listing realtor, crunched the numbers and decided that it made financial sense.

High purchase prices, need to choose right areas within a market.

How did you decide on a fair purchase price looking forward a year of two?

Depending on the area you purchase in.

My partner didn't have good credit at the time of purchase so her income isn't a factor for the HELOC because she isn't on the mortgage or the deed. 

Based on the disregarded entity status, I can then change the title to the new LLC, complete the sale of the property and 1031 exchange the property to purchase a new investment property under the LLC.

Purchase price: $93,000 Cash invested: $993 Sale price: $150,220 Contributors: Peter Vekselman Partner Driven, in collaboration with Robbie Vekselman, successfully completed a deal on Springdale Forrest Circle, Gainesville, GA.