All Forum Posts by: Eric M.

Thank you all for the replies! 

Happy New Year All.. Im a REALTOR and RE Investor here in the Atlanta area. Just curious as to what news source, website, podcast, etc.. do you all listen to or read for daily Real Estate News. Market watch, Interest Rate updates, etc. Thanks!

 Hey Brian, I just saw this old post you made. Do you still have a copy of the postcard that you mentioned here? Also, do you still think post cards work. I have not had success with them in a while. Thx. 

Hello BP. I am a Real Estate Agent in GA. I have been contemplating hopping over to Commercial RE for a while. Can some of your agents tell me your thoughts on becoming a Commercial Agent in this current market? Pro/Cons. Any information would be appreciated. Thanks. 

Hello all.. Are you having more success using Cold Calling, Text Blasting, or both. So many regulations in place now just curious as to what is working best for you all in 2022. Thanks!

Thanks Scott. The risk was definitely my main concern. I have never attempted to barter in this way so I considered it. Excellent points and I appreciate the response. I will not be doing it that’s for sure. BTW, I see your in Denver. I was just out there for about a week. Had a great time. Thanks again. 

Hello All.. I have a cottage home I recently purchased. The plan is to remodel and put it up for Airbnd. There is a contractor in the area who approached me with a barter situation. He is offering to complete the home remodel in exchange for living there for 6 months. I would only pay for the materials. What are your thoughts on such a barter situation? Have you done any like this and what paperwork should I have? Risk? Thanks 

Thanks Colton for the great info. With the rate changes, would you be concerned with getting a HELOC at this time since the rate is variable?

Hello All.. Im currently in the process of renting out my primary residence. I have a few questions on the best way to implement the BRRRR in my scenario. My home is currently valued at $320k and I owe $97k. My current interest rate is 4.85%. I have been looking into both a cash out refi or heloc. I want to tap into the equity and pull out the max. My plan is to use the money to purchase 2 rentals. I would also be renting my current home after pulling out the equity. Any recommendations on whether I should take a Cash out vs. Heloc? My current primary mortgage is with Wells Fargo. I have been comparing rates with Navy Federal and Synovus Bank as well. Which banks have you all had the best luck with either of these strategies?

Also my current home is on a FHA loan. After, I refi or HELOC would I need to declare my current home as a investment property and would that affect my rates?

Any help would appreciated. Thanks. 

Hello all.. Im looking to start private lending in Georgia. Curious to know in today's market what kind of terms are most private lenders offering.. Interest rate, points, length of loan. Any advice or details would be appreciated. Thanks