All Forum Posts by: AJ Nemeth

@Michael Henry you can do better on conventional with other lenders. Probably 5ish or slightly under.

@Anthony Wick which bank did you use?

@Alan Miegel

I like the idea of investing some cash with 15 year mortgages but I'd do up to 75 percent LTV. You other cash is your buffer. Those properties should be slightly cash flow negative but will provide good tax benefit as shelter to your w2 income. You don't need to go to Midwest for those as you can bear the negative cash. I would invest in a balanced market with strong jobs such as DFW. I would keep a portion in cash though and explore other opportunities. A passive investment in multi might be a good way to get educated on multi before you go active.

@Justin R.

Absolutely agree with you on the control point!

@Alvin Uy

Are these HELOCs on investment properties? Do you mind sharing which bank you worked with?

Thank you for the comments.  My goal is to double the money in 5 years.  I have invested out of state in SFRs already and start to think that would be hard to scale.  I'm willing to be more active in the next 5 years and believe I need to do more value add in this environment.  Can $1m get me into the multifamily without asking others for money in a strong job market?  Thinking Texas markets and Atlanta?  Or Fl?  Or should I stick with single family and keeping adding properties one by one but hoping to add some value slowly in the process.   My goal is not necessarily cash flow but to grow portfolio with a balanced approach to achieve the best aggregate return (cash and equity appreciation).   Any thoughts are appreciated! 

Open this discussion as I'd like to get some fresh ideas on how to invest $1m. Is it to BRRR single family? Buy apart complex and value add? What would you do? Provide what you think the ROI would be in your proposed scenario? I'm looking to accelerate the velocity of money and increase returns. Thanks.