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All Forum Posts by: Christchan Chaney

Christchan Chaney has started 1 posts and replied 2 times.

Quote from @Brittney Wright:

@Meg K. my lender does not charge closing costs for the HELOC and yes there will be closing costs for the cash out refinance and most lenders will only allow you to borrow up to 80%. So given you have at least 20% equity from the down payment you made with the funds from the HELOC + additional equity that was either already in the property or from renovations, you should have enough equity to pay back the HELOC and pay closing costs.


 Is there a time period that you would have to wait before you’re able to do a cash out refinance?

Looking into getting a STR in Panama City for my first real estate investment. I've grew up in the Panhandle and currently reside in the capital. It's seems like acquiring a unit in PCB would be a good first investment. Was Looking for input such as:

Is the market over saturated?

Would a beachfront condo be more marketable vs a townhouse a block off the beach?

Is anyone fimilar with condominiums that do better than others? 

And overall is it a good investiment?

And any other general information is also appreciated.

I’ve been doing my research but would like some input from those actively in the market.


Thanks in advance