All Forum Posts by: Antoine Martel

But even if you have $1,000 in your bank account, then you pull $19,000 out of a HELOC and now you have $20,000 in your account. Then you buy a rental and get financing the next week and the downpayment is $20,000 the bank is going to allow that?

If it makes sense in your market then do it. You can get an FHA loan, put 3.5% down and finance the rest. Just most markets it doesn't make much sense because the prices are so high.

Depends, if you own them with your own cash... sure. But if you have 1,000 units most likely you're using other peoples money. So therefore you have to keep in touch with these people, send out disbursements, manage renovations projects, etc.

 Sure. If you want to move and want to live in it. And if its going to make a good return after you move out. But a $200k house is not going to have a good cash flow if you were to rent it out. The price is too high.

 Yes

 Gina.

Thought I would touch base here. Would love to chat with you and see if I can help you any way.

You can go and find the people who are buying homes locally. Look up their LLC's online and find their contact information and give them a call.

You can buy lists online. 

You can post on craigslist and network on BP.

You work full time and travel often but you're looking to BRRR or wholesale? Both of those are time intensive and are going to be very hard to manage if you already work full time.

What is your end goal?

Jonathan.

I'm from Toronto. I was born there. I know that some people are buying rentals in some suburbs there. But I have helped a lot of investors invest in the states. It's just hard to buy rentals here because you cannot get financed so sometimes we help clients with seller financing. Would love to chat more about it.

Create a Joint Venture agreement between everyone involved. You can get some templates online.

This is going to describe who is putting how much money into the project and then how much profit every person is going to get at the end of the day.