Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

35
Posts
7
Votes
Randy Wiley
  • Rental Property Investor
  • Port Huron, Mi
7
Votes |
35
Posts

HELOC WHAT TO DO NOW!

Randy Wiley
  • Rental Property Investor
  • Port Huron, Mi
Posted

So my wife and I did a BRRRR, in a house, she bought about 14 years ago. It went very successfully we pulled out 320% more than the tax value. The bank asked are you sure you want to do an appraisal? I told then yes I am 100% it's worth more. The validation after it came back was amazing. So here is my question. We are thinking that we need to wait and see if the fall marker comes down, and all the people that can't pay their mortgage. While still doing our postcard campaign, which as of right now we are at a 5% return on our campaign.

What are some of you doing right now? We don't want to catch a falling knife, and we are running numbers all the time to see if it will all work and continuing to look for opportunities as they come. Thanks in advance for taking time to respond. 

Randy.

  • Randy Wiley
  • Loading replies...