All Forum Posts by: Chelsea Jeffers

Ive read that Cleveland is usually a good market to get into for cash flow. The prices seem to make sense given that the tenants pay rent which could be questionable due to COVID. There is a lot for sale right now, any opinions as to whether or not its still a smart market? or are people trying to get out of it right now because of the current condition. 

@Jingru Sui I’m looking to rent but I am open to the brrrr strategy as well. Either way I’m looking for cash flow and appreciation.

@Jingru Sui in the low to mid 100s

I’m looking to invest in the Atlanta real Estate market. I’ve been looking at up and coming neighborhoods. Does anyone have any suggestions?

@Alex Olsen 
$30,000 
10 year draw period, then fixed rate. Its through PenFed Credit Union. 

I was offered a 4.75% interest rate for my HELOC application. Does that seem low?

@Alvin L. Dillard

I’ve already had one bank tell me I have to reside in the house.

You say this can be finagled. How so?

I have one rental property. I break even on rent.

I am looking to get a HELOC in order to procure a down payment for another rental.

What is the best way to approach the bank?

I own one property. I break even on the rent. I am trying to get a heloc so I can procure a down payment for another rental. What is the best way to talk to the bank?