All Forum Posts by: Deryck C.

@Deryck C. I have a 1st position Heloc on our property, referred to as an “Offset Mortgage” in other countries. It’s a credit line tied to a zero balance sweep checking account. Every deposit made sweeps directly to our remaining balance. That lowers our remaining balance, and thus lowers our interest cost. So we’re able to aggressively pay down our remaining balance with idle funds, but we have full access to that money. Whenever an opportunity arises, we’ll simply write a check out of our credit line and purchase in cash. Each additional property purchased or paid off with the line pays off faster than the last with the additional cashflow.
It maximizes flexibility, and allows deposits/idle funds to work for me, rather than BoA or Wells Fargo.

Neither

I would borrow billions like G.C. And roll

@Deryck C.

Neither.  Your tenant is already doing this for you.  Why would you help?  You're not gaining anything.  You're actually adding to the cost of the property.

you could access funding through most of the commercial banks such as BPI and BDO. best to compare rates to help you decide. 

Yes I am - I am based in Hong Kong but myself and my wife have 10 units across 2 properties and we're renovating (well pretty much building) another 16 unit. All our properties are in Makati in Manila. We are actively looking to buy and rehab more as well.

I actively looking for a good property manager there at the moment so any recommendations are highly welcome...

Happy to connect too!

Thanks

Paul