Hello everyone! I bought our first rental property last year out in Crowley and I am looking to acquire up to 5  more properties this year in the HEB area. My goal is to use the BRRRR method and have at least 11 renta...

(it was at .95% when I started with them about a year ago) Good luck, and having a saving account is a great step that many people miss, so good for you!

#1 thing holding me back is the feeling that I'm essentially stepping off a cliff.

Keep us posted on the matter love to hear if you pursue and what happens!

Does anyone have any thoughts on the best use of this money to step up my real estate game and buy more properties?

Not sure how much a ES is going to be in your area, in our local market depending on the type and pahse the cost fluctuates - also fluctuates with how quickly you may need it.Loan term you described not bad the 80% LTV is good - the amort is good, the arm is typical, origination ok - you can likley get a non-recourse (thats your rate quote - will change until you lock in)Check the prepayment clause, normally it is setup as a step downYou can likely ge t a 7yr. loanI would encourage you to seek a local bank on your first deal, establish a relationship, perform and repeat :) Originally posted by @Tony Castronovo:First, I am learning that "typical" and "commercial" should not be said in the same sentence. 

It's easy to get discouraged as a newbie in real estate (overnight success doesn't exist and having patience and doing the actions steps needed on a consistent basis is key...)Hearing other passionate real estate investors is really refreshing and inspiring.Good luck to all of us!

If you are just learning how to be a boxer, would you step into the ring alone with Mike Tyson?

I’d love to see if anyone would like to sit down(talk on the phone), about potentially partnering with a home, or if anyone has some advice on any next steps.

I completley agree with you, I will still pursue a career in PM regardless of whether I take this job or not.