Real Estate Investment Properties

[virginiaharms]

I saw we didn't have a real thread on this at all so I wanted to tap into some potential minds on the subject.
We are in the beginning steps of investing in this kind of extra income. We have started our LLC and a business account. Looking for any tips that we may not have done from people with experience, especially considering the interest rates now. We've attended a couple of classes with a local realtor/broker and he's brought in a banker to break down a couple of things.
We've been looking at the options to get started. Looked at HELOCs, lease purchase agreements, financing, etc. The hardest part is getting started since we don't have thousands and thousands to get started. Looking at doing single-family homes for now and potentially moving up/forward to multifamily and/or commercial. As of now the only debt we have is the house, but have a little over 200k in equity, so we can get about 170k for a HELOC if we decide to do it for the quick cash for a cash sale.

Again, figured I'd reach out to a bunch of people that bought some gas-guzzling vehicles for financial investment advice

. Also, this could be used for anyone else to follow that may be considering getting into real estate. After all, I think it's about 90% of millionaires have been created through real estate. Gotta be something to it.

 

[virginiaharms]

I saw we didn't have a real thread on this at all so I wanted to tap into some potential minds on the subject.
We are in the beginning steps of investing in this kind of extra income. We have started our LLC and a business account. Looking for any tips that we may not have done from people with experience, especially considering the interest rates now. We've attended a couple of classes with a local realtor/broker and he's brought in a banker to break down a couple of things.
We've been looking at the options to get started. Looked at HELOCs, lease purchase agreements, financing, etc. The hardest part is getting started since we don't have thousands and thousands to get started. Looking at doing single-family homes for now and potentially moving up/forward to multifamily and/or commercial. As of now the only debt we have is the house, but have a little over 200k in equity, so we can get about 170k for a HELOC if we decide to do it for the quick cash for a cash sale.

Again, figured I'd reach out to a bunch of people that bought some gas-guzzling vehicles for financial investment advice

. Also, this could be used for anyone else to follow that may be considering getting into real estate. After all, I think it's about 90% of millionaires have been created through real estate New Launcher. Gotta be something to it.

thanks in advance for any help