All Forum Posts by: Ben Kniesly

@Kerry Baird most useful post yet on this thread thanks!

@Brian Gerlach great stuff. Thx.

Of those I think the snowball effect is probably my next best option if I can’t wrap these loans effectively

It’s slow and steady and nobody ever lost paying down debt. Thx. 

@Greg Dorn I agree. That’s great advice too. Thx

@J Cicero. I don’t remember using the term unconnected. If I didn’t me about a typo

@Michelle Roopchan yes holing. Long term. Making over 1000/unit on more than a couple. Too good to sell. Can’t find anything better

@Randall Alan. I think I did contact them I forget the issue .... the amortization person was to short

@Bryan Beal. Plz do...the value is legit What is the best way to connect me to the lender ???

@Jenning Yu Great advice and I like your approach with the 4 unit residential higher value properties!

I did consider that and I looked at dozens of three and four Unit  buildings. Unfortunately , this just might be in the Tampa area, nothing made money or enough money.

Prices have been so high for many years and dumb investors are driving them up further making bad deals based on bad assumptions

I’m exploring this portfolio loan now and will not make any decisions until after I weighing the benefits and risks.

cash out refi per home tends to be expensive in terms of fees and I absolutely hate fees.

If I can combine the loans and keep the principal and interest payments the same and free up 500,000 to $600,000 I can grow at my pace ....I love the fact if you have a line you’re not paying on it until you deploy the money versus cash out refi you’re paying for the money while you look for the next deal... I have strict criteria I don’t like losing money and it takes time for me to find deals

I’m betting you’re going to see a 15 % to 20% correction by the end of next year when the Fed stops printing money and the “lag concept “ has a chance to propagate throughout the broader economy. 

@J Cicero absolutely that’s why I spent so much time researching setting up a model and contacting brokers the problem is listings that are available to normal unconnected folks don’t make money.

I do enjoy real estate and like the process but it Hass to make money right

@Mayer M. Wow that’s amazing the 25 year amortization would be the best