All Forum Posts by: Kerlous Tadres

Quote from @Niko Rossley:

I just inherited a house paid off worth 400k. How can I leverage that to make money and start an investment portfolio? It also seems like people put property in LLC's. I'm in California

Also recommended courses plz

Hey Niko, I would do a HELOC if you want to take that money and start putting into investments. Kind of curious to hear what your strategy is afterwards. You still pay a decent interest rate for your HELOC afterwards

Quote from @Matt Settle:

Hello all. I’m new to real estate investing and am trying to learn as much as I can. With that being said what would your first real estate deal be in today’s market and why?

For my first deal, I would buy a house-hack if you can. This will help you get started investing and live on one side and rent out the other side. You want to be able to learn as much as possible without putting a lot of money down on your first property. If this is not an option, then I would start finding a property that can be a great long-term investment for you  

Quote from @Matt Burdett:

I'm starting my investing career and have a question for the group. I want to do a BRRRR and am curious on if it's best for me to take a HELOC on my primary residence and pay cash for my 1st property/rehab or try to go another route. Thanks in advance for your thoughts

Taking a HELOC on your property is not a bad idea at all, and it can go far if you know what you're doing and if the numbers for the property you're buying work well. You don't want to take a big risk when using a HELOC on your personal property

Quote from @Benjamin Dolly:

I'm a 37-year-old high-earning W2 software engineer looking to get into real estate by investing in LTR single or multi-family homes, probably out of state. I've read all the books, listened to the podcast, gone to meetups, and am studying for my RE license. My sticking point is that I only have a small amount of capital from savings to get started, which would put me in high LTV financing or high-interest non-conventional financing.

Is it worth getting into a property with over 80% LTV and high leverage, or would that suck the upside (cashflow) out of a deal for too many years?

Are there other strategies that would make more financial sense with a little money down, or is it better to wait and build that initial capital? 

Hey Ben, if you have a high-earning W2 job, I would try to start with a house-hack duplex. With the savings you have, that will be the best way for you to get going in terms of real estate investing. For real estate sales-wise, I would continue to go to those meetings and continue to network and also find a great brokerage that can help you grow your business

Hey @Kenadi Defio, I'd recommend looking for creative financing options like seller finance, BRRRR, or even a live-in duplex to lower your entry costs. Your first deal doesn't have to be perfect; it just needs to get you in the game and teach you how to scale smart.

Hey @Stephanie Deppe, if deal flow’s tough, it’s usually not the market; it’s your setup. Focus on finding one solid, investor-minded realtor who sends real deals that meet your numbers. BRRRRs take patience; most good investors only land one or two solid ones a year. Use the slow time to build your team and financing so you’re ready when the right one hits. If you’re burning out, pivot to something lighter, like an Airbnb or turnkey to stay active.

Yeah, I’ve bought a few tenant-occupied rentals, some great, some headaches. The key is vetting early. Ask for the lease, rent ledger, and proof that they actually pay on time. I even have my property manager call the tenant before closing just to get a read on them. If the rent’s way below market or the lease locks you in long-term, that kills your cash flow potential. In those cases, I’d pass.
For your first out-of-state deal, I’d honestly start with a vacant one. You can pick your own tenants, set market rent, and start clean. Once you’ve built a local team and know the area better, then buying tenant-occupied becomes easier and less risky.

Hey @David Utley, yes, it’s totally possible. You can buy it as your primary residence, live there for about a year, then turn it into a rental. Just make sure it makes sense as both a home and an investment, and run the numbers ahead of time. When you’re ready to rent it out, update your insurance and let your lender know. It’s a great way to start building your portfolio with low risk.

Hey @Alec Strahl, if buying doesn’t feel right, it’s better to hold off than force it. Keep renting for flexibility, build your knowledge, and make sure that $100k goes toward something that really moves you forward, even if that means waiting for the right opportunity. In real estate, patience usually pays off more than pressure.

I'd recommend starting with a house hack using your FHA loan to buy a small multifamily, live in one unit, and rent the others. It's the easiest way to learn the ropes, build equity fast, and have your tenants help pay down your mortgage.