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All Forum Posts by: Aalap Sharma

Aalap Sharma has started 5 posts and replied 13 times.

Post: HELOC for Multifamily Purchase

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

Hey I am new to all this so I apologize for a silly question. What do you mean by refi the multi family in a year to pay off the HELOC?

@Account Closed Did you guys end up meeting? I am in Fremont CA. Count me in.

I wanted to check with the community here whether there are certain benefits that I am not aware of moving the rental property under LLC. I am also curious to understand as how can one person can grow their RE investment if his/hers salary remains constant. i.e if someone is making 100k and has a mortgage and rentals, at some point in time the bank would not be able to finance the loan for a new rental. What are ways to circumvent that?