🔄 The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5Ever feel like your W2 job is holding back your real estate dreams?

This would help reduce the amount needed for a bridge loan to fund the acquisition and renovate the four vacant units.

Better to keep rent 5-10% below market, but keep a tenant long-term.If you can handle all this, you MIGHT be ready to be a real estate mogul.Otherwise, you may want to get out of your own way and hire a PMC to manage your property better.Let us know how this goes before you continue dreaming about anything else:)

To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

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And this does not even involve business or real estate!

They are going to have the real costs and lessons learned that will save you lots of time and potentially headaches. 

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

I'm excited to join this group of like-minded individuals passionate about real estate investing. 

I found this property through my network of local real estate professionals and direct outreach.