All Forum Posts by: Joshua Meisner

Thanks for the response I will definately read through that tomorrow.

I truely appreciate the response and your opinion on the situation.

Best of luck going forward,

Josh

 Hi Heath, 

Thanks for the response first and foremost.

The 100k would come from my primary home which is a SFH, I bought it from my parents for a deal and have done renovations.

The multis I am looking at are for me to purchase to repair / renovate and rent out all over southern NH and dont plan to pull the trigger on anything for another month to get some more things in place.

Thanks.

Josh

Hi BP members,

I just recently joined the website and have been thinking of investing in rental properties for a month or so.

My personal experience is very limited but my dad has done very well throughout the years buying rehabs for cash and fixing them, then renting them for some time prior to selling them. I have used him as a valuable resource recently, to look at my excel sheets and the tools I plan to use when looking into properties/ROI on properties.

He has told me to hold off until the market changes. It is too up in his mind to start right now. I have a 50+ hour, hourly job and live comfortably. But I want to be doing the 40hr or less work week by the time I am 40.

I am self motivated, I have great basic math skills and complete ownership of my work and when I have a plan I put 110% into it. Thats why my plan is to use a HELOC with the equity on a multi with minor renovations required, gain equity and rent them, refi the property to close the HELOC and move to another project with another HELOC.

My question to experienced people, that are moving on projects right now, is it worth it to take that chance with the market up (although it has slowed around here it is still up in NH)

I do have a family and do not live paycheck to paycheck, but also feel I need to do something soon to invest in our retirement and real estate has intrigued me.

What would you do with 100k+ worth of equity? Would you invest NOW? Would you hold off until the market drops? Is there a better way to use the equity other than rentals (I do not have the time to be flipping houses etc due to 50+ hour work weeks)

Thanks for any responses and let me know if you have any other questions about my situation.

Thanks.

Josh