Hypothetically speaking.....I obtain private funds to acquire a property and make repairs and improvements.

It shows that the family acquired title for 37k, which means the seller was very motivated to sell.

That is a tough question...If you sell you'll have to pay all those closing costs including Realtor fees and seller concessions.If you do sell and can acquire two new properties they probably won't cash flow nearly as well.

This may allow you to acquire more properties under Fannie etc.

So now I'm ready with so much education I've acquired over the last year and am just a bit nervous about implementing it.

Hello everyone, so im thinking about using a heloc to tap into one of my properties equity and using that to acquire another investment property what i would like to know is how long does it typically take to pull a heloc?

I am looking to acquire my first SF rental property this year, or early next year.  

Also, here are some facts on the property for those that are interested.Duplex - rented to a couple main level and single person upstairsCouple has security deposit down but none for person upstairsI want bills/utilities in tenants name (aren't in their name currently) but not sure what the protocol is after your acquire property for going about that...Landlord is sick of rental game and wants out.

I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.

My best friend's Dad is a commercial investor who just acquired a really nice mulitfamily property, with its own onsite management and all in the Fortine area which is NW... sounded like he paid more than he wanted for it, but a great long term hold.