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All Forum Posts by: Michael L.

Michael L. has started 48 posts and replied 222 times.

Post: To Heloc or Not to Heloc is my question?

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

@Jay Hurst, I appreciate the guidance champ🫡. Short and sweet but highly effective💯!

Post: To Heloc or Not to Heloc is my question?

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51
Quote from @Jaime Duron:

Hey @Michael L.! I would also consider the purpose on how your going to use the funds for and if its a short or long term play. Just know if your planning on using your HELOC and depending on the lender. Theirs an initial withdraw rate and a standard rate everytime you use it. Hope it helps.

 @Jaime Duron, much obliged for the helpful input🤝🏻.

Post: To Heloc or Not to Heloc is my question?

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?

Post: Drawings and Draft work

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

What is a good rough estimate to have some Floorplans of a new build drafted in 2D and in black and white? Thanks for any feedback🫡.

Post: Asking about yachts and financing.

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

@Emma Campbell, thanks for the helpful feedback🫡.

Post: Asking about yachts and financing.

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

If a boat can be considered a second home, is there a Heloc equivalent available for it aswell?

Post: Expanding my horizons of kowledge

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

I've heard that when it comes to financing that yachts can be looked at as a second home. Can you also do a cash out refi or get the equivalent to a Heloc on a yacht as well? Thanks for any help info👍🏻🫡.

Post: Out of the country investing.

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

@Mike Lambert, you said a whole lot w/o saying to much, and more importantly, it was helpful. Thanks Mike🤙🏼🫡!

Post: Out of the country investing.

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

@Michael Baum, thanks for the heads up and referral champ🫡.

Post: Out of the country investing.

Michael L.
Posted
  • Investor
  • Posts 251
  • Votes 51

Good afternoon BP Fam🫡. When investing in other countries, is it wiser to:

A: Create an entity in the country you want to invest in?

or

B: Create an entity that is strictly for investing in other countries?

and why?

Thanks!