All Forum Posts by: David G.

Thank you Samuel for the referral. Are you finding success with single family rentals in our area? would you mind sharing any tips or insights about this area? 

Hello. I am looking to connect with a buyers agent in the Wausau Marshfield Stevens Point area for my single family rental portfolio. If you know of an agent that is knowledgeable in this area of investing with an investors mindset I would love to meet them. thank you

Hi hi James I'm over in Wisconsin. Have you had any experience with multifamily. Loans yet? I just came across them online this morning I'm interested as well I know this post was over a year ago but time flies. Anyway please share with me any information you have about it thank you.

Ok heres an exciting update for us. We sent a few questions to Harj Gills website Speedequity.com. I sent the questions in on the website contact us page at around 8:00 Saturday morning expecting to get something by this next week. A few hours later The owner himself called us to help answer our questions. All I can say is what a genuine guy. He was so helpful. He walked us through his software program with our exact numbers FOR OVER TWO HOURS ON THE PHONE!! Laughing and really enjoying talking with my wife and I on speakerphone. Well the calculator program for our scenario without adding any income we will have our remaining mortgage (10 years to go) cut down to 3 years and 10 months. He was very gracious to us and so helpful and fun to talk to. We signed up for his program which is $899 with 10 years of access to him. Additionally the program has the ability to include investments as well so we will be exploring that option later. Next step is receiving his book,having our personalized coaching call then we're off to get our HELOC. So that's where we are at. So far I highly recommend this guy. Time will tell!

Kyle. Well we had our second call with replace your mortgage last night we told them we were going to try it on our own as the cost is $2,500 for the do-it-yourself plan and 4000 for the hand-holding plus investment plan. That's too steep for us right now we're still looking into some things were even looking into the program from Harj Gill. He is much more reasonable at $900 and he teaches second lien position to protect your home more from the possibility of interest rates getting too high. We are going to think about it for a little bit here and then try some negotiating with them to see who will give us the best deal.

Originally posted by @Kyle Seidel:

Hey @David G., I'm glad to hear that you're going to be implementing this strategy! I've called a TON of banks/credit unions and basically noone understood this strategy except Johnson Bank. And even with them I won't be able to directly deposit my checks straight to my heloc- I'll have to deposit to checking and then transfer over so I can't use it exactly like a checking acct which is disappointing but will still work. I would try to get as much info from Replace your mortgage as you can and if you can get a couple options for banks who will let you do this exact strategy it would be worth it to pay them depending upon how much it is. Feel free to shoot over costs w/ replace your mortgage and all of the other factors and we can see if it would be a good option for you to go through them or not. Or you could always just go to a Johnson Bank or another bank that understands this strategy so you can implement at least part/most of it like I am.

Duh. Sorry all. I didn't see Kyle answered me already. Thank Kyle!

Hi Kyle. We are in Wisconsin too and are getting ready to put our remaining home debt on a 1st lien HELOC. Would you mind sharing your contact at Johnson bank? Is it working out as planned? Is there anything you would do different? Thanks Kyle.

Hey Kyle thanks for taking the time putting together so much information about the HELOC strategy. My wife and I are on track to try the same method. We have our second phone call with replace your mortgage with Michael Lush this Thursday. I'm leaning strongly towards doing this ourselves without their help because I just can't see the cost having enough value to us. I think we can do this on our own. Unfortunately their information is obscure enough to make us think we can't do it without their help but I think we can. our primary residence has about 90,000 left with 10 years. We're hoping to cut that in half down to five years. Do you have any more recent thoughts about it?

Hi all. Just a side thought for everyone. With the popularity of video these days has anyone taken a walk through video with new tenants showing the property in good clean condition? With their approval of course. And could it be a very good accountability tool for both parties.