Intermediate Property Investor

[Mamesho Macaulay]

Hello Everyone,

I'm not exactly new to investing in properties, but I would like to do it right this time. I've sold two of my properties and currently have one--a house hack. I am interested in learning from more experienced investors who are willing to take risks or advise me on certain matters. I'm mainly interested in learning more about MTRs, using a HELOC to purchase a new property, and exploring different markets.

Looking forward to learning from you all.

[Kerlous Tadres]

Hey @Mamesho Macaulay, from my experience, do it right by picking one simple plan and running the numbers like things will go wrong: with MTR, only do it if you know who will rent it and it still makes money after furniture, bills, and a slow month. I would recommend using a HELOC only to buy and get the place ready, then switch to a fixed loan fast because the payment can jump. Build your basics first, like good renters, quick repairs, cash saved, and a clear backup plan.