All Forum Posts by: Albert Johnson

@Kent Lyons thanks for sharing this information i actually live in the IN zip code

@Byron Scott congrats on your first deal very inspiring. Blessings to you and yours

yes thats not a bad idea as long as you can sell or refi at the end and have enough  capital to pay back your loan and repeat the process for your next property 

Just finished a small renovation on my home that appraised at 125,000 before i put the new bathrooms, floors, ect should i go out and get new appraisal done? 

Thanks guys for the feedback I'm still in the beginning stage i recently just purchase the property I'm currently in and just finished up a small renovation on the property and just trying to put together my next moves to start a passive income though real estate I'm looking at the options of a HELOC or cash out refi

the property I'm in currently 

3 bed 2 bathroom built in 2010 (ranch style)

paid 122,000

worth around 130,000

good area, decent school district ,in a sub division 

I'm currently in the Indianapolis area living in my first future rental property. Was wondering if using a helco on my current home to purchase or put a down payment on a second rental would be a smart move?

@Frank Patalano definitely appreciate you 

definitely appreciate you...I’ve been looking into different options of doing a cash out refinance to pull some of my rehab money i put into my current home which will most likely be my first rental property 

@Frank Patalano Thanks!! looking to get info on a cash out refinance in about 6 months to year to reinvest into another property that’s the plan 

Fairly new to the community. Im looking to get into buy and hold rental properties. I’m in the process of figuring out how to set myself up financially in this next year to execute successfully. Any tips or information from lenders to experienced investors would be a blessing