Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

23
Posts
3
Votes
Arturo Gouro
3
Votes |
23
Posts

Need advice on rental property

Arturo Gouro
Posted

I need some advice, I’m trying to buy a house in Orlando. Trying to fix and rented. First I have no experience on this matter maybe someone could help me. About me I have a house in Virginia that I’m renting right now. Right now I live in Orlando Florida. Right now I’m renting when I move here to Orlando they told me I have to live here for one year before I could buy a house not sure if is true? But back to where I was, now the house in Virginia I still own like 110k but it’s appraised at 220k. Now I want to keep that house. Do any one have any advice on what to do if wanted to buy a house in Orlando and rented. I don’t make much money I’m working in retail store and I moved because I got layoffs in Virginia. The house in Virginia is cash flowing like 100 a month. What could do to get the next property. I know I need at least 25% of the property in order to be a investor. But where do I get a 25% from the house in Virginia do I get a heloc and if I do how do I pay back the heloc. Any help will be appreciated.

Sorry for the long post

Loading replies...