All Forum Posts by: Brian Kalb

Thank you all for your posts. Joe I was hoping for some advise. I am trying to educate myself before I start my investment process. My question is how do you feel about turnkey investment properties. I have a family and work for the fire department out here in California and am the main source of income. Needless to say I don’t have a lot of free time. I was looking to do turnkey because it’s hands free as far as rehab goes. I Understand if I do it this way I won’t be able to take advantage of making appreciation off the property. I have a rental as I mentioned and wanted to start with using my heloc. Buy one, pay off the heloc ASAP and hopefully repeat? The heloc would only be used for my down payment and closing costs and then the mortgage would be 30 year fix and use that method to hopefully bye more. Would you be able to give me any advise or suggestions to my thought process? Thanks for your time!

Dylan thanks for your response as well. I'm stuck in California unfortionatly. I work for the fire department out here and it's my main source of income for my family. Was looking at turnkey properties out of state because I don't have the time to rehab and cost of homes are so much cheaper. I know the appreciation is minimal at best but want to get after ROI and buy and hold. Any experience with that world?

Mike thanks so much for your advise. I knew that but sometimes it helps to hear it. Thanks again for taking time to respond. Great advise!

@Brian Kalb

Would anyone be able to help me? Also looking for investment brokers

Thank you

Hope to get some advice. I have a rental with about $500.00 ROI. I live in California and was looking to invest out of state because the price of housing here is so expensive. My question is should I sell and bye more rentals out of state or should I leverage the equity to bye more and keep it? I have an opportunity to make a move and I want to be smart about it. Not sure how to go about it? Any advice would be great. Thanks so much for your time!

Respectfully

Brian Kalb

Looking for some advise. I bought a condo back in 2003. I was able to hold on to it through the 2008 market crash. Right now it's renting and I have an ROI of about $500.00. Recently I've decided to start investing in rental property. I live in California and am looking to invest in out of state rentals do to high prices and rental laws here. To my point I was hoping to get suggestions on what people out there would do if they were in my shoes. First I was thinking of selling the property and using the equity I made to either by three houses in the $50,000 range or use the money to put 20-25% down on multiple loans and buy upwards of 6-8 investment properties in that price range depending on how things go? Or keep the condo in California and take a HELOC on it and use that money to either purchase properties for cash or use it for a 20-25% down payment loan to buy a few more than I would be able to if I would purchase out right. Basically same thing. Sell or use a HELOC? I hope that made sense everybody and any advise would be great.

Respectfully,

Brian Kalb