All Forum Posts by: Aaron Howell

Welcome to BP @LaKaye Mbah !  You're in the right place.  Check out the Book on Investing with Low and No Money Down.  Its the bible of creative financing (and regular financing for that matter).  

It probably varies from state to state.  Check with your local Realtors Association.

Call a couple in your area and interview them.  You'll probably get a vibe about which one you like best.

There is a list I believe in the FilePlace that has a list of good questions.  I think its Josh Dorkin's file.

I don't see any issue as long as your plan goes "As Planned" !! You may end up paying a couple monthly payments on the HELOCs but that probably only is a couple hundred dollars a month worst case.

My experience was good.  I pulled $55K out of a property and bought a duplex that has went up about $60K in value and generates about $900/month cashflow.

The $55K I pulled out caused my mortgage to go up by about $100/month so I would say its been a positive experience.

My understanding is yes you can and it doesn't have to be the same type of property (ex: sold SFR and buy Multi-Family or Commercial).

It all depends on where you're at with your bills.  If you're eating Ramen noodles to make ends meet then I might advise reducing bills (School Loans) but if you're getting by with a little extra at the end of the month I'd say get the rental.  You could use to cashflow to pay the school loans off faster.

Leave your wallet at home.  

http://www.cbsnews.com/news/why-house-flipping-seminars-are-flopping-with-some-investors/

Welcome @Jed Devine !  You're in the right place if you're interested in learning about Real Estate.

If you're free sometime contact me and we can get some coffee.  I work in Cville.