@@aarongillette4420 pretty sure under and LLC you have to really have a good source of income.. gotta make sure that llc is already producing money.. or get it producing money.
Prepare yourself financially as best as possible. I have a decent paying W2 and that combined with the rental income kept me within DTI limits to get all those loans. Also, partnered on the 4plex.
When using a secondary/vacation home loan with 10% down how far away does the property typically need to be from your primary residence? Or does that depend on the lender you use?
Cale, how about a call out to your wife who manages the 3 kids and all the other things while you are working out and doing all things real estate?! You are only successful because she has your back so don't forget her when you talk about what makes you successful
This isn't stated enough (or really, AT ALL) in the plethora of interviews of investors juggling W2 and family. There are always uncredited supporters in the background, who are massive enablers of the frontman's success while he/she enjoys the limelight.
"Success does leave clues" - love it!
Another awesome podcast, thanks so much Tony and Ashley!
Glad you enjoyed it!
Thanks everyone who listened/watched to my episode and got some value out of our RE journey! Glad to connect with our like minded investors.
I’m in Lake worth and my two properties are there, I would like to connect with you.
this is what, the regular bp used to be like
Did ya'll notice the fart at 39:07?
Hahahaha
You're welcome. =)
Fellow Granite Stater here, thank you for sharing your story Cale!
Glad you got some value out of it!
Glad he spoke about his heloc experience. I just took out my HELOC and am playing on using it for my down payment, renovations, and a safety net.
Yes, HELOCs can be awesome tools!
how do you quilfy for more than 1 loan ? helocs , 4 Plex, 3 cabins ??
Put under an LLC as a guarantor and then it’s not against your credit.
@@aarongillette4420 pretty sure under and LLC you have to really have a good source of income.. gotta make sure that llc is already producing money.. or get it producing money.
Get commercial mortgages - there is no limit on the number of these that you can have at one time. I currently have 9.
Prepare yourself financially as best as possible. I have a decent paying W2 and that combined with the rental income kept me within DTI limits to get all those loans. Also, partnered on the 4plex.
I wonder did he purchase these properties under a biz name ... LLC?
Appreciate the numbers.
Absolutely. Always helps to hear real numbers on real deals.
When using a secondary/vacation home loan with 10% down how far away does the property typically need to be from your primary residence? Or does that depend on the lender you use?
What Facebook group are you guys in?
I would like to know this too. Thanks!
One of the public groups is Short Term Rental, Long Term Wealth
Cale, how about a call out to your wife who manages the 3 kids and all the other things while you are working out and doing all things real estate?! You are only successful because she has your back so don't forget her when you talk about what makes you successful
This isn't stated enough (or really, AT ALL) in the plethora of interviews of investors juggling W2 and family. There are always uncredited supporters in the background, who are massive enablers of the frontman's success while he/she enjoys the limelight.