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Updated over 5 years ago on . Most recent reply

Alma Laque's profile image
Alma Laque's profile image
Alma Laque
  • from San Antonio, Texas
  • Member since Sep 17, 2016
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Alma Laque's profile image
Alma Laque's profile image
Alma Laque
  • from San Antonio, Texas
  • Member since Sep 17, 2016
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Alma Laque
  • San Antonio, TX
3
Votes |
9
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San Antonio Real Estate Forum

Investment property friendly banks

Alma Laque
  • San Antonio, TX
Posted

Hello!

Was hoping someone could provide some guidance.  We are currently using a heloc to fund the buying of rentals.   We are using the Brrr method.  However, can anyone recommend a bank that is investor friendly for the last r?  To pull cash out of the cash bought house in a mortgage to pay off the heloc? 

San Antonio, Texas
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Rick Pozos's profile image
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • from San Antonio, TX
  • Member since Nov 3, 2014
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Rick Pozos's profile image
Rick Pozos's profile image
Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • from San Antonio, TX
  • Member since Nov 3, 2014
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,488
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

15 year and about 4% interest rate sounds fantastic with no closing costs. If you can not make that cash flow, you paid WAY too much for the property.

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