All Forum Posts by: Jeff Rossman

I was hoping to get some stories/ideas about how people are funding their FIRST deals. This seems to be where I am getting tripped up (at least in my own head). I don't make a lot of money in my 9 to 5, and I don't have a big pile of cash sitting somewhere to pull from (that would be why I'm getting into Real Estate investing). I've read some blogs & forum posts, listened to several podcasts, and got some great ideas, but I really want to know my options as thoroughly as possible.

I'm interested primarily in buy-and-hold.

Thanks for the advice @CK Hwang , I am looking at investing in a rental property - so, long term. I am mostly just trying to explore all my financing options for my first deal.

Totally get it now. My home is valued at approx. $140,000 (Zillow), we owe about $89,000 on our loan.

I really appreciate your help and patience. How did you finance your first deal, @Eric Black

@Eric Black I'm confused by the equation you gave. The concept that $50k in equity is a higher percentage of total value in a $100k home than in a $200k home makes perfect sense. But the equation applied to the $200k home would go as follows [according to my utter lack of understanding]:

$200,000 - 20% = $160,000 - $50,000 loan = $110,000??? What did I miss, or what don't I understand?

Hey all! This is my first forum question.

I have about $50k equity in my primary residence, and was wondering if it would be advisable to use that equity to get my first investment home.

If so, what route should I take: Home Equity Loan, HELOC, cash out refi??? Is there another option I'm missing (I'm about as green as they come, so forgive my ignorance).

@Anthony Gayden I'm definitely still learning what my options are, but so far I am interested primarily in buy-and-hold/rental properties. I'm looking primarily for monthly cash flow from my investments. However, as a true newbie, I'm still exploring and open to new ideas. Already I've been turned on to looking at mobile homes (often on large plots of land). Never even considered that market before today (BP is already paying off!).

Thanks for the advice and the encouragement!

Congrats on your first deal!

Thanks for the love, everyone! I'm excited to start this new venture and it's great to have a welcoming community to help me out!

The more I learn, the more convinced I am that real estate holds the most potential for me and my family. Thanks for the advice!

Greetings! I am brand-spanking new to the world of investing. I'm here primarily to learn, to ask questions, to figure out the best way to break into the world of real estate investing.

I work as a Trainer at C.P.E.S. We primarily operate group homes for individuals with Developmental Disabilities or Mental Illnesses. I train the New Hires that come through each week. I enjoy my job, but I've dreamed about getting into real estate investing for awhile.

Any tips for where I should start?? I've been listening to the podcast, which has been great!