All Forum Posts by: Norman Cross

Hello fellow BP members,

I am currently in the market for a multi-family in the Greater Philadelphia Area to live in and rent out the remaining locations. With that, my realtor advised me to take a different house I own in Nebraska and put a HELOC on it since I have a good amount of equity in it. I have heard quite a bit about HELOCs lately and think this may be a great route in case an opportunity presents itself and I have to react quickly. Does anyone have any references for mortgage brokers for Nebraska that could help me with this?

Thank you and happy hunting!

Norm

Thanks Antoine, 

I have bounced around to many plans for my next real estate investment considering so many different ways to complete, but I believe I am at the point where a reliable accountant would help me best understand the financial and tax benefits to be more confident to take action.

Hey all, I have owned a couple of rental properties as I moved around in my Air Force career, but now that I am out, I realized that I haven't started to manage my money properly and am looking to expand into more properties. I live in the Philly area and am wondering if any of the many experienced real estate investors here on biggerpockets know any great accountants and lawyers in or around Philly. Also, I am looking into biggerpockets meetups in Philly as well. I look forward to meeting some other real estate investors in the area to get a better understanding of the environment.

Thanks in advance for the help!

@nick Britton,

That is the plan!my biggest concern is conducting this in a possibly inflated market. Which is why I don't feel like this should be a long term investment. Possibly just stay in it for 5 years and maximizing the opportunity of using a 5 year adjustable interest rate to keep me honest. Thanks for the encouragement! 

Norm

Hi bigger pockets,

I have been in thenAir Force a while now and have decided to buy a duplex, live in one side and rent out the other at my new base. I have done some reading and am getting comfortable with the idea. A good friend of mine mentioned this site, so I figured I would check it out. 

I am looking forward to learning as much as possible before I make the plunge.

Norm