All Forum Posts by: Account Closed

@Matthew Hime,

Give Union Bank a shot. They do HELOC on rental properties.

@Dave S.

I got one from Union Bank online.  Just received a check book for the line yesterday.

I was trying to find a reliable source/directory for cell phone numbers given a name and/or billing address.  Doing so I learned the following:

* There is no quick/easy source.

* Free options have pretty stale data and rarely cell phone contact information.

* Paid options cost vary widely and I assume correlates to accuracy.

I can't be the only one trying to get cell phone numbers for my mailing list.  Any suggestions?

I reviewed numerous BiggerPockets forum posts and compiled all the recommended options for looking up potential sellers information.  

http://accurint.com/

https://intelius.com/

https://tlo.com/

https://spokeo.com/

http://microbilt.com/

https://beenverified.com/

https://americantracers.com/

https://ppointpi.com/

https://colerealtyresource.com/

https://listshack.com/

http://melissadata.com/lookups/

https://prospectnow.com/

https://pipl.com/

https://radaris.com/

https://thatsthem.com/

https://411.com/

https://whitepages.com/

https://anywho.com/whitepages

https://searchbug.com/

http://execudeskva.com/

http://blipleads.com/

http://axcyss.com/

https://nuwber.com/

Touche.  Good to know you can if you warn the user.  That does look nice lol

You could save $ installing one GFI on the first receptacle on a circuit. The one GFI protects the all receptacles "down stream". Don't do this with any circuit with a large appliance like a refrigerator unless you want to reset the GFI every time it runs.

Replacing a two prong outlet with a three prong outlet WITHOUT a ground is not safe and against national electric code. Doing so bypasses the design of the appliance that requires a ground.

"You can filter an address list through one of the websites on-line that tells you which houses are not being delivered to by the Post Office."

What webite provides this data? That would be a great lead source.

@Denisse Mendez Water under the bridge now.  What is a "PA"?  Thank you for your concern.

Not entirely true. Had a gutter with these and it was 60% filled with dirt. Bet it takes a long time for that to happen. 

Now what are my options when I refi after a year? 

Unless you have significant appreciation, you are not going to get a lot of cash out of the refi and if you did I bet it would not cash flow anymore assuming rents don't rise proportionally with appreciation (typically doesn't).  I think a better option after year 1 would be a HELOC if you didn't have the cash for the next one.  And if cash is low, you may have a hard time showing 6-month of reserve.  If you have a 401k these funds work for underwriting.  

How were other people able to acquire their next multifamily after house hacking their primary residence using FHA?

If you significantly low expenses and add value to increase rent you could refinance based on asset performance.