All Forum Posts by: Brian Jackson

Who in the metro area has the best HELOC financing at the moment?

I was wondering if anyone has used any type of supplemental lease for their AirBNB/HomeAway rentals.  And if so, what types of things do you cover in this document.

I am eyeing a few different properties on which to make offers.  I've contacted the agents and asked a few questions about the properties, but it got me thinking.  What are some of the criteria veteran investors like to determine from a property before making an offer?

I have been doing some research on the Tenant/Landlord statues for the state of Colorado and am I to believe there are no statutes regarding notice of access?  I've seen for some other states there are statutes that mandate a certain amount of notice, while some others just say "reasonable notice."  However, nothing for Colorado at all.  Perhaps there are some Denver city/county laws regarding this?

I am looking at purchasing a property out-of-state for my first deal and I'm planning to use the BRRR strategy to get started. I'm wondering what options are available for managing a rehab out-of-state. I realize a good team is essential to succeeding in distant markets. But in the mean time...what do I do?

It would definitely be a buy and hold, possibly a BRRR unless I find a turnkey with the right numbers. My thoughts on the process might be to obtain a HELOC so that I may pay cash for the deal and possibly increase my chances of landing the deal at a discount. This would only make sense if the payments are interest-only on the HELOC. Then once rented for a year, refinancing into a conventional to pull out the cash and repay the bank. Does that make sense?

I'm sure this has been asked on the forum previously, but asking again for some fresh perspectives. What would be the advantages/disadvantages of using a HML vs leveraging the equity in my (house-hacked) home?

TIA.