Hamilton condos are condos are cash flow positive.

Example -Purchase price of about 600k which required a DP of 150k (3 bed up/2 bed down duplex)- Rent for two units $2500 + $1500 = $4000- Operating expenses $800 (likely less) Depending on your heloc interest rate let’s say your heloc payment is $600Mortgage payment $2200Gives you about $400 in positive cash flow.  

For next time, I want to have a contractor by my side to provide support and a good understanding of my financial position.

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.

Hello Everyone,A private lender is offering a home equity loan on my old single family residence.I am assuming he will put a lien on it with a 2nd position, correct?

For the past two years, since beginning this journey, I have consumed every podcast and been absorbed in the forums; I’ve saved nearly every dollar I can and put that towards real estate deals; I’ve pushed my contractor hard, paid him well, but pushed him hard; run my business determined; thought about real estate every day; creatively strategized my next move daily; put relationships on the backburner; and paid myself first.

You need somebody in Austin to be your eyes to describe condition of properties and neighborhoods, provide comparable sales and rental analysis.More importantly, you should put your thinking cap on and strategize a bit.

Having done 75 buy-sell deals 2003 thru 2010 and subsequently losing my entire portfolio 2008 thru 2013, I've been clawing my way back from a position of no cash whatsoever and remain deeply entrenched in the 'turnaround' via being a painting contractor, flipping the odd house here and there, and as an agent with Keller Williams (focused mostly on higher-end mountain properties).

I have not heard one positive story from anyone about buying property from LRA.