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Updated over 1 year ago on . Most recent reply

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12
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Nicholas Minich
4
Votes |
12
Posts

Starting out- Have the cash flow/ HELOC

Nicholas Minich
Posted

Hello all

General question/ partnership/mentorship ( appreciated). 26 yr old starting out.

I have a specific loan that is a 30 yr line of credit. With the amount I make currently, I am able to FHA a house by the 3/4th month of the next fiscal year. From that point, I'm able to put down 20% of a (350,000) house - ( including closing costs) every 10 months or so.

Any advice in areas to look or what to look for? I feel I’m in a special scenario and would like to have about 3 properties by the end of 2026. Preferably 4 units per property.

I bought my house in NJ, but looking in the North Eastern Region of PA where I can gross 2k a month on a 4 unit property.

Any advice/guidance is appreciated. I am sure what the “ next steps “ would be AFTER finding the right property. Thank you!

Most Popular Reply

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11,317
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8,094
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Drew Sygit
  • Property Manager
  • Royal Oak, MI
8,094
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11,317
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Drew Sygit
  • Property Manager
  • Royal Oak, MI
Replied

@Steve Kenney can't believe I missed that! THANKS:)

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Logical Property Management
4.8 stars
367 Reviews

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