All Forum Posts by: Account Closed

Did you try: http://www.landregistry.gov.uk/public

Hi, I thought i'd start a discussion on what are the best area in the denver metroplex to purchase rentals? Any thoughts? As far as i can see, the following are good for ROI:

Longmont
Broomfield
North Glenn

a great thread. Cheers everyone

Thanks for the responses folks. Quick correction, the second home is @ 5.125 %, sorry about that.

It doesn't sound like paying off the second really does much for me apart from saving a little money. The current renter is basicaly buying me the house, the way i see it anyway

I get your caution about leveraging the heloc on my primary. The 3.25% Heloc is via a local credit union and it's locked for 7 years. I'm strongly thinking of using some of the heloc as the down on a few rental properties, the 20%. I can pull 300k out of my primary to get me started on this expansion.

Side note, i have little debt, a 745 credit score and minimal cash savings outside of the emergency fund, oh and i live in Colorado.

Cheers

Ben

Hi, I'm not able to find this question asked and answered on here so here goes, point me in the right direction if i'm wrong.

We have an investment property in Florida on a 15 year note, 14 left. The rate is @ 6%. I can get a heloc on my primary @ 3.25% so i'm thinking that i could save $95 a month in interest by paying off the existing with this heloc.

Second property notes:, we owe 61k , renting @ $850 a month, PM/Insurance/Taxes equal $295. It's worth 115k, purchased for 85k.

That being said, my goal is to ramp up on investment properties over the next few years, buy/hold/rent.

The way i see it is if i do this:

1) I'd save money
2) Reduce my mortgage count back down to one residence.
3) Be able, not sure how yet, leverage the equity in our second to accumulate more properties.

Am i sane?

Thanks everyone.

elevations credit union!