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All Forum Posts by: Jeremy Shepherd

Jeremy Shepherd has started 9 posts and replied 99 times.

Post: 6 properties with tons of equity….for now….cash out refi, heloc?

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

I would choose the cash out refi over the HELOC. Banks (lenders) have the power not to renew HELOCs and cancel LOC's...even with a stellar history, cash flowing business, excellent credit and low personal debt to income. Ask me how I know.

Post: All these Mulifamily owners are in trusts

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

Call or stop by

Post: All these Mulifamily owners are in trusts

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

Talk to the property manager of properties your are interested and ask who owns it. Most have been helpful for me. If you strike out with the PM talk to maintenance. 

Post: Newbie from Weirton, West Virginia

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

@Genine V. I'm just seeing this. If you still need recommendations send me a message. 

Post: Who will Heloc? Need help finding a lender!

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

@Michael Bettencourt I get 80% at a local hometown bank that lends for my rental properties.

Post: Cash Buyer Screening Questions

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

@Andrew LeBaron thanks for your input. 

Post: Cash Buyer Screening Questions

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44

Does anyone have a list of screening questions used to qualify properties with owners wanting to sell? My leads come from a website and I'm looking to have an assistant make these calls for me to weed out properties that don't fit the model. 

Post: Service,emotional,so on animal....

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44
@Tami R. Raising the rent is not discriminatory.

Post: REI Meetup in Morgantown?

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44
Connie Bhimireddy I'm near Morgantown and interested.

Post: How to structure my 2nd deal only this time with a partner?

Jeremy ShepherdPosted
  • Rental Property Investor
  • New Martinsville, WV
  • Posts 105
  • Votes 44
Have your attorney specify what you two agree upon in the operating agreement.