All Forum Posts by: Eric Dupuis

@Kevin Grinstead I don't have 20% plus closing at this time so I think you are right in a cash out or HELOC. I've been on the lookout for muli-family. Thank you for the welcome and your comment. I've been shopping refi rates this week

@Jared Bouzek Thanks for you advice Jared. I agree that a cash out refi might be my best option or a house hack. If I get a FHA loan and house hack it, how long do I need to stay in the place?

@Chris Lopez My rent is around $2500 downtown. I work in Boulder so I wanted to see how to drive was before buying in Denver. The multi-family is an option for sure. I'll talk to a loan officer this week and give you a call Chris 

Thanks for your help! 

@Craig Curelop Yes I rent downtown. That's an idea for sure. I'll look into some multi-family around the area. Is your duplex in denver?

@John Quintana Thanks John I'll add that to my list to look at. 

@Chris Lopez Hey Chris, yes I lived there 3 years and just moved out a few months ago. I do love the house but it was far from downtown. I haven't spoken to a loan officer yet or looked at rates on refi...I'll be doing that this next week after the holiday. I'd like as much cash flow as possible of course but $300-$400 a month would be nice. 

I found this website last week and figured me pulling money out of my current rental to buy another makes sense. Why do you feel selling the house would be better than refi with cash out? My house is in the Candelas Arvada which is a booming area.

Hello all, new investor here looking to get in the game. I bought a house in Arvada three years ago which I now rent. I cash flow $650 on it with my current loan. I just had the house appraised for $495K and I owe $339K. Is it advisable to refi with cash out or line if credit to buy another house? The Denver market seems competitive but I like the BRRR method of investing. In Denver, it seems like the $100K-$150K single family homes are a thing of the past so it seems I'll need more money to start than the $30K-$35K everyone talks about. Am I late in the game or are there still pockets to invest in?

Thanks!