All Forum Posts by: Ashley Cao

Hello BP-ers! I am looking to purchase a buy and hold property for cash flow and see there are some properties for sale in Opportunity Zones. What does this mean to me as an investor? What should I be aware of? Are there any additional actions/steps I should be considering if I acquired one of these properties?

Thanks for your insight!

@Derek Janssen

@Jonathan James Look has a group going I believe !

@David Muscovalley

I'm leveraging my HELOC to brrr so I can rinse and repeat.

Using it as a down payment doesn’t allow me a sure strategy to pay it back in a timely manner.

First, thanks for sharing this post. You asked all the questions in a much more eloquent way than it sounded in my head! 

Regarding closing, how did you bring the funds? 

Hello!

I am looking for recommendations on a local lender in the Columbus, OH area for cash out refi on multi family properties (2-4 units)

Who do you recommend ?

Note: saw some recommendations that were from a couple years back on the forum, but looking for additional suggestions as well.

Thank you!

Reviving this post to see what type of rates you’re seeing for HELOCs these days.

Star One Credit Union is offering prime only, 80%LTV; over $250k will incur $1k-$2k closing costs.

WellsFargo offered lower rate (3.89?) for first year but have to draw upon closing. I’m thinking you can draw to lock the rate and then just put the $ back in next day. Is that possible ?

@Kim Rangel

Check out David Greene's BRRRR book. Good read with lots of helpful info to get you going :)

Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple https://www.amazon.com/dp/1947200089/ref=cm_sw_r_cp_api_i_Gi9vDbYHYHE0V

Jumping in on this revived post. Has a meetup been organized? If not, happy to put some action behind it!

@Dulce Beltran

+1 to @Jay Hinrichs comments!

No brainer. Tesla has changed the automotive game and others will (have) follow. Their tech stack is unrivaled.

Although a technically a liability, Tesla is constantly improving their products and pushing those improvements out to their customers (old & new).

What other car on the road can receive a free over the air software update that gives you more range in your battery or more safety features?

It’s almost like a cell phone: go home plug in, charged for the next day; if there’s a software update, it’s done over night; if you do need service a lot of times they’ll come to you!

I also read their upcoming super chargers will give you about 75 miles worth of range in a 5 min charge :)

mike, thanks for this great advice! I've found a local bank that will not require a seasoning period for when I need to refinance. Do you recommend I get the HELOC from the same bank? What difference does it make (if any)?

The reason I ask is the local bank's HELOC offering has some third party fees that other banks do not seem to have.

Thanks in advance !