I have been interested for about a year in real estate investing but I have yet to pull the trigger on a property.

BP Family,I’m thinking about taking a 100k heloc on my investment property (it’s a condo). Interested to learn how others have used this approach to use the funds to buy another property. What is your approach or fram...

Just run a simulated income statement on each unit and if the numbers work and you are satisfied with the potential return, pull the trigger.

The first deal is always the hardest one to pull the trigger on, but this will get you acquainted with real life expenses, profits, and problem solving.

I've been listening to PodCasts, reading books and browsing this site for quite some time and STILL have not pulled the trigger on anything yet.   

Sad to hear your purchase is what triggered the neighbor to sue for the PRE-EXISTING encroachment; as if it wasn't a problem 'til now'.

It's unfortunate we have to be concerned about the long term health of IL.Like the other posters said, if you can get out and not have to take a huge hit on tax implications and closing costs AND be a lot happier about your investments... then pull the trigger.  

Costs to get a relinquished property ready for sale are not on the permissible list, so roof repairs would trigger taxable boot. 

I’ve been researching and studying real estate investments for about two years and am finally ready to pull the trigger on my first deal.

Just wanted to run it by the community before I pulled the trigger.