All Forum Posts by: Calvin Kwan

Shoot me your email via DM - I'll send out an intro tonight. HELOC was the way to go for me as well since the rate for my 1st was killer.

I'm getting a HELOC on my investment property from HSBC. No fee and promotional rate of prime minus 1.51 for the first year, then prime + 1.47 beyond. Let me know if you want my loan officer's info. Thanks.

Have you checked the zoning in your area and is your lot size big enough?

I'm getting a HELOC against my rental at HSBC. Getting prime + 1.5ish. No fees. They also have a promo rate for the first year. Check it out or let me know and I can refer you. Borrow up to 200K I believe.

Decided against a refi because my conventional rate is killer.  Can't touch that.  

I just hired a concrete guy to pave over the whole thing plus the side walkway.

Great to hear that ADU restrictions have eased to allow MFHs! Fantastic news.

I have an RM2 property and the planning dept stated that my lot size would not accommodate a third unit.  Do you have enough sqft on your lot to accommodate a third unit?  I believe you need 2500sqft per unit.  

Cashflow for me, and I invest in the bay area.  Deals are harder to find, but they're out there.  Appreciation is a game of speculation, whereas cashflow is tangible money in your pocket.  

How much are you listing the rental for and what part of East Oakland?