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All Forum Posts by: Caleb Ormonde

Caleb Ormonde has started 2 posts and replied 3 times.

Florida Real Estate Q&A Discussion Forum

Post: When Should I Refinance

Caleb OrmondePosted
  • Posts 3
  • Votes 0

I am wondering when would be the best time to take out a home equity loan? As the market crashes, I am assuming that the real estate market will follow in the next 1-3 years, and I would like to take advantage of the dip in real estate value. Should I wait until the dip to take out the loan, or do something now? And what type of loan would you recommend?

0 Votes
Starting Out

Post: Can you do a Cash Out Refinance on a business???

Caleb OrmondePosted
  • Posts 3
  • Votes 0

Thank you for the feedback! So if the business purchase included property (a commercial building), would that portion be Refi-able?

0 Votes
Starting Out

Post: Can you do a Cash Out Refinance on a business???

Caleb OrmondePosted
  • Posts 3
  • Votes 0

I have been reading about the BURRR method, and really want to get started. I have 100k-115k to get started, but I do not currently have a job. I would prefer to not have to go job hunting, and instead buy a business in the industry that I have been working in for the last 16 years (air conditioning), and use that to pay my bills.

So my question is, can I  apply the BURRR method to buying a business? Can I pull the value out of the company to use for investing in property? 

0 Votes