All Forum Posts by: Anne James

@Shaun Weekes May the HELOC be used as the reserves during the loan acquisition process?

@Shaun Weekes What are some ways a HELOC can be used in investing in real estate?

@Lane Kawaoka Thanks for the information. What are some of the benefits of working with a credit union versus one of the mainstream banks? 

@Chris Mason Thanks for the clarification regarding HELOC.

Hello,

I'm in the market for a Home Equity Line of Credit (HELOC). My preference is to establish a relationship with a bank or credit union which sells their mortgage loans to Freddie Mac. According to #AskBP 095, Freddie Mac criteria permits 10 mortgages on a borrower's credit report. Other than calling all of the banks and credit unions in Sacramento, CA, is there a central location to obtain this information? If this question should be asked in another forum, please let me know. Thanks in advance!

Hi @Cody Alexander

Thanks for the assistance with the podcast name as well as @Michael Quarles web address. Have a wonderfully productive day!

Hi Bill,

Thanks for the willingness to share information :).

I did look up tortious conduct and now understand good intentions which have gone astray provide no relief for damages inflicted if the plaintiff can prove their case.

I'm on track to retirement in six years or less. I want to develop another income stream in real estate in a legal, ethical and competent manner. Instead of the Bigger Pockets Community, a different resource will be used to acquire the basic aspects of real estate. As suggested, I will be on the lookout for credible persons as I continue gleaning valid and good information while building a serviceable Meter. I am enjoying a good reputation and have no desire to become "another bottom feeder" in real estate due to a lack of integrity and/or incompetence. 

Best wishes for your ongoing success!

Originally posted by @Bill Gulley

"Congratulations! This post inspired me to actually listen to this podcast, that is only the second time a forum post has led to a podcast that I listen to all the way through! Just over an hour and a half of some good stuff with Michael."

Good morning Bill,

Thank you for responding to the post and I'm glad the time invested resulted in "good stuff" with @Michael Quarles"... No (and Low) Money Down." I was surprised to learn a couple of the strategies mentioned are part of my real estate acquisiton experience. I purchased my first home with a FHA loan and helped to build my current home.

When I think of infrastructure, its gaining knowledge and developing essential skills which could be assembled into a process. Because of the way I approach life, understanding the "what" surrounding a task helps a great deal in grasping the "how." Thanks in advance for your thoughts. Have a wonderfully productive day!

Hello Gilbert,

Thank you for the detailed response on wholesailing. Your comments were helpful regarding advising the seller of others making the actual purchase.  

Hi Aaron,

Thanks for pointing out the possibility of overthinking while missing the opportunities at hand. Have a great day.