All Forum Posts by: Paul Klempner

Hello, so I’m wondering the what’s the best way to pull from my equity to buy another property. So I have a current mortgage of 280k and my property is worth somewhere in the mid to high 400’s. So here’s my questions.

1. Is it better to do a HELOC or cash out refi? What are the pro/ cons.

2. It's currently a FHA, so if I refi to a conventional I was told it would be higher interest due to non owner occupied. Is this true?

3. What would you do?

Thanks in advance for any guidance!!

@Joseph Cacciapaglia good advice thanks!

I recently passed my RE salesperson exam and am ready to take the next step. I’m excited to get started but I read somewhere that a lot agents fail within their first year due to picking the wrong broker. I am asking what should I be looking for in a brokerage? I’m located in vegas so if some locals had some advice or know someone who mentors newbies that would be awesome! If anyone knows of any good internships or mentor ships I am ready to go, but any advice is welcome :)

Thanks!

I would like to PM to get a little more in detail if anyone is open to that please let me know!

SO i found a possible investor. Can anyone help walk me through a couple things? What I'm wondering is what do i need to be prepared to approach them with a business proposition. Do i start a llc? how does the investor get paid back? if someone could maybe walk me through how you formed this type of relationship that would be great! 

@Ryan Luby thank you for the feedback!

@Jameson P. Gagne Thanks!

Looking to do my first flip in the next couple months! Would like some tips.

Where do I find deals?

How do I structure the deals?

Does cost of materials come from loan?

I have been doing remodeling for years and plan on doing all the work, is there some rule that requires me to use a contractor or something like that?

Anything else you think would be helpful or you with you knew when you were a newbie?

Thanks I appreciate any feedback!!

Hello all! So I am becoming more and more interested in becoming an investor in real estate. I am wondering (forgive me if i sound nieve ) how to get started. I am 23 and have no experience in real estate yet.... Ive read a couple books and done hours of research online but i figure getting some insight from someone directly involved is best.

So my biggest question is is there any way to get my foot in the door without having large sums of money on hand for a down payment. I read a lot about different types of loans and such but i don't know how it works. My goal is to buy and hold long term, and eventually going for bigger deals. PLEASE if you have any good info to guide my in a good direction let me know!

Thanks!