All Forum Posts by: Anna Catron

@Jaycee Greene, therein lies the difficulty. Yes, he loves me and believes in real estate. No, equity, in his eyes, is not real money. His plan is to pay them off in 15yrs and make them our retirement income...He knows I've been right about real estate for 22 years, but I'm still never right TODAY...

On a less irritating note, your work with Andre is nothing short of awesome!!!  What a dream! 

Thanks! The HELOC would be out of our primary, in order to BUILD the duplex.

I get it, it's never a stupid question, buuuuuut, it feels like it. 

I'd like to HELOC 160k out of our home-that's easy. We'd need it for 9-12 months only.

We just finished our first new build duplex. Put in 160 and appraised at 390. 

We'd like to finish the next 3 duplexes all at once. We have 270 from the first, but need approx 160 more. 

I can't find a calculator that will tell me how much that money will cost us!  

Y'all rock!  Thanks for your thoughts!

 Thanks for the thoughts. Seems like they might not be nervous about $300k loan considering we will be doing the same thing we just finished doing, only x3. But thanks for the tip. Still researching...

Everyone here is correct!  You have a solid plan and it's working great! Keeping yourself not so leveraged helps you sleep, while leveraging enough, helps you retire early!  One of our favorite discoveries is that IT'S TRUE, dream opportunities DO land in your lap, the longer you're in business!  So, when that happens, you won't really have to decide, you'll just know it's a great deal and you'll shorten your timeline!!  

Yep, we are in a similar situation. Finishing our first duplex construction project and looking to start 3 more simultaneously. My husband is on site all day every day as the GC and that helps. Knowing construction also helps. I'll say 1000 times, I'm so glad I listened to BP for years before doing this, or the stupid hangups would have me jumping off a cliff. I knew going in, it was going to be the CODB. I'm guessing the longer we do it, the more contractors we'll know and that will help. 

Great work and keep going!!