All Forum Posts by: Dan W.

What is the thought? 

I live near Silver Spring Maryland and I own my own single family house and have some equity in it, and also have a HELOC on the property which is at $0. I am wondering what the downfalls would be to going and buying, say a townhouse for $65k, invest $20k into it, have $95k in it after closing and holding HELOC % fee's (rough numbers), refinance it for $120k with a conventional mortgage and rent it. HELOC back to $0 in 3 - 4 months.

Is there any downfalls to this? I have spent probably years researching and learning real estate and have never pulled the trigger yet. That's why I'm asking for advice. I reckon If I did this, I could probably get a property management company to manage the property and cash flow about $250 a month. 

This would probably be in the Baltimore County, Anne Arundel County area. I'd prefer to keep out of the city but maybe that's just me being paranoid. 

That's also good to know. Thanks Lamont. Where do people sell their tiny houses when they do? There has to be one for sale somewhere...

That is good to know. Is it only this way with anything on wheels or could I do a mini cabin?

My wife and I want a Tiny House as an occasional getaway house, and put it on Airbnb when we aren't there. However, it sounds a lot easier than it is. If I could find one on land for sale I'd buy the whole deal but I can't seem to find that either. 

Getting the actual tiny house is the easy part it seems. I am in Maryland and hoping to get one either in Maryland or nearby in PA or VA. Has anyone else done this process before? Where do I find land? I know all land isn't created equal. How do I find land with utilities and how do I get the trailer (Tiny House) connected?

See some great ones on Airbnb currently but not sure how to get it to that point. Hopefully you can give me suggestions