Sandor Bogdan

Back in 2011 I bought a house with the wife with an FHA loan with like $12,000 down. We kind of locked out. That was the bottom of the market here in LA. About a year later prices went up and we did good improvements and were able to refinance and get rid of the FHA insurance. Prices kept going up so we got a HELOC and with zero down credit cards we were able to build a second house on my lot. We are zoned for 4units. Two bedroom 1 1/2 bath two stories. Rented it out a few months ago and we just finished refinancing the property. Spring this time I already had a GC license and also got a Real Estate Broker license. The plan is to use the equity we now have in the property and buy a lot in the LA area and get the plans done and then get a construction loan to build. And then repeat.