Since beginning I have done one creative finance deal using sub to, one attempted fix and flip, me and my partner own two airbnbs and I have bought and sold many tax properties.

My Situation:- My spouse & I own two properties worth $600k, $200 fully paid.- Our combined after-tax income is $170k annually.- We have no outstanding mortgage debt.Recently, we discussed financing options with a banker at PNC and learned that we might qualify for a HELOC up to $480k, albeit with a relatively high minimum interest rate of 9.31%.

@Rahul TripatiI have acquired properties with little to no cash flow and they end up doing wellQuestion is you are going to put $150,000 down and then cost you at a min $1,000 a month or $12k per year.

But after speaking with a local investor-agent, he felt pretty strongly that a first time investor should just scratch BRRRR from their vocab and buy something nearly turnkey, collect the steady drip of cash flow for a few years, and save up for property two via W2, and then start to think about BRRRR.

It was originally two days and then changed to one day at some point, making it seem less worth it.

Maybe we can learn a thing or two from each other!

In my opinion the two day is a great eye opener. 

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

This is scary to me: Two deals, no money, How does he plan on making the mortgage payments?

The last two story ADU garage conversion cost about $2,500  for a 1,000 sf project.