All Forum Posts by: Account Closed

I have a few rentals in Kansas City that i purchased in cash. Does anyone know of a local bank that offers a heloc on rental/investment properties?

Thanks

Hi @Marco Santarelli, would it be possible for you to send me the contacts as well? Many thanks in advance

Cheers

Ben

http://www.pinefinancialgroup.com/

This census report might come in handy.

http://www.census.gov/newsroom/releases/archives/american_community_survey_acs/cb13-70.html

Welcome to BP Drew. I'm Ben, also in Boulder.

Elizabeth, What lender are you using?

Thanks for the insight Chris.

Thanks Bill. I guess it's all about perception. There are actually some rather civil 3/2 homes in the midwest that aren't exactly slums. Brett, Will do.

Hi Folks, Have any of you had any luck obtaining a portfolio loan to purchase multiple properties at the same time? We, wife and myself, are contemplating writing a business proposal that states our strategy, purchase 200k worth of cheap midwest SFR's with 25% down. Each property will cashflow @ an average cost of 25K, purchase roughly 8 under this plan. Hoping to use this as a proof of concept to go 5X bigger on the second run.

My concerns are:

1) Will a bank go for the concept when the actual properties have yet to be found.
2) Individual loans are probably out of the question due to the price point.

Thanks in advance

Ben

How about a pergola. This old house article might spark something: http://www.thisoldhouse.com/toh/photos/0,,20574135_21126420,00.html