All Forum Posts by: Andria Kobylinski

Thanks @Doug Shapiro! When you say the HELOC will impact my credit score, if I am paying shouldn't it impact my score in a positive way? I really do not know much about what impacts scores and how much.

I am interested in adding an addition onto my personal residence and am trying to determine what is the smarter financial decision for our situation.

Our house currently has a good amount of equity to help fund the project. We need about $100K to complete the job. We have the cash but also flip houses and are interested in buying notes so cash is key for us.

Do we put the cash into the house and then get a HELOC or Re-Fi afterwards to use the cash to invest? Or do we get a HELOC or Re-Fi now and use that money towards the addition? What factors am I not considering? Are there advantages/ disadvantages on a HELOC or a Re-Finance?

Home purchase price: $308,000 (Current Market Value: $350,000)

Mortgage Balance: $237,000

Addition: $100,000

ARV: $475,000

Thanks in advanced for any insight for us to consider.

I would love to be on your buyer list.

We need more good wholesalers in Richmond. The wholesale deals are few and far between and the market is still very hot.

@Tracy Z. Rewey thanks for the encouraging comment! Also, loving the Cash Flow Expo, thank you for pulling together some great resourceful people/content!!

@James McCullin thank you! This is exactly the explanation I was looking for. I had kind of heard most of this details but your response brought it together. And yes, I would absolutely use a servicer! Great point from you and @Logan Hassinger My end goal is to be as passive of an investor as possible.

Hey all, newbie to Note Investing here. I am currently working on opening a self directed IRA and would like to use it to buy a few notes to start. Can I buy non-performing notes in my IRA or only performing? Aren't there some rules about how much involvement you can have in working within a self directed?

Could anyone recommend one or more property management companies in Richmond Virginia? Would also be happy to hear who you would not recommend. Thanks in advance

@Dat Tran would love info on your performing 2nd. Thanks

Following, I am also interested in the NC market. Both for purchasing notes and purchasing properties to create owner financed notes.