Hello Everyone, My name is Solomon and when it comes to the Real estate investment game I am on the newer side but willing to learn from others and when the time is right strike to get my second true rental property.

Hello everyone, I am trying to get my foot in the real estate investing game.

Just as a reminder in addition to the interest rate, amortization schedule and fixed period of the loan, inquire about: 1) Prepayment Penalties (In case you want to refinance in a few years), 2) Possibility of Rehab Funding, 3) Reserve Requirements, 4) Personal Guarantees, 4) Rate Adjustments (i.e. at the 5 year mark) to understand other variables in the loan product that works best for your project.

Can it work though, yes, but have some skin in the game.

@Joseph Lombard The HELOC is best described as personal short term financing.

I have to do a little more due diligence before I feel comfortable with sending them any of my personal info.

I have good personal credit (~730-740), average-high personal debt (mortgage, student loans, vehicles,) and I am employed making $90k/year.

In order to undertake a new build I would have to personally know the builder and be comfortable with his work.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

No more math games from there on out.