None of the surrounding counties have as much flexibility.

Looking to invest in cash flowing residential properties — single family or, ideally, multifamily — in the Louisville and Southern Indiana area. Price target is < $120k. Would love to connect with anyone in the are...

It just seems more flexible and you're not paying for money that's just sitting in the bank, If you don't have an immediate deal for it.

You can put it on a 30 year note and pay it down in 7 years still (just offers flexibility)2.

Also- seeking a NJ attorney reference.Thank You!

The simplest starting method for a person with little starting capital, from my perspective here in San Diego, is to utilize a 3.5% down FHA loan (and/or VA, if you have it), seek out properties that are slightly under market rent, give termination of tenancy to the unit with the biggest delta of rent vs. leading rent in the neighborhood, move into that unit while you renovate it, and then rent the unit at leading market rent a year or so when you move out.

So far, there seems to be no magic number that everyone seeks, ie.

I am a huge DIYer and so far - Laid the vinyl flooring 1500sqft- Installed Recess lights (40 lights)- Built a retaining wall (35ft)- Built a pergola from ground up- Interior paint (appro 2500 sqft)- Built a wooden board-on-board fence (75ft)also, a software engineer (nerd 😊) I am 38yrs old and have some milage to do DIY to buy a partially run-down property and upgrade it.Looking forward to learning new things from the members and seek advice.

I've come across a couple investment groups that are very gung ho about HELOCs, and while they do provide much more flexibility in payment compared to a traditional mortgage they're certainly not the silver bullet that some make them out to be.

If the tenant wants flexibility, they have to pay for it.