All Forum Posts by: Fritz Liedtke

Hi Jonathan, did you ever invest with Broadstreet Global?  I'm researching them myself, after a tip from an investor friend, but can find essentially nothing whatsoever about them.  Anything you can share with me?

The LTV varies. Many will say 70% or whatever, but then they'll cap it at $100k or $250k. So you have to call and ask. It's about 5 minutes to get the info you need from each one.

I should mention that WaFd also offers them, and in my experience (I have 2 loans with them) they have the best rates arouns.

I know this is an old thread, but people still read it for this Oregon HELOC info. My research found lots of local credit unions that offer HELOCs on investment properties, including:

FirstTech

BECU

Oregonians CU

PenFed

Bank of the West

Thanks for the heads up. This is really intriguing news! 

I know this is an older thread, but I'll just make one note. Kudos to @Mike V for his returns. However, it's important to note that if you are self-managing your properties, you have purchased a job for yourself (which, if you're looking for passive income, is not the same thing). For round numbers, let's say a property management company takes 10 percent of your profit. In Mike's scenario, a 10 percent return is not a return, it's a job. A 20 percent return would be 10 percent salary for your time/work as a manager, and a 10 percent cash flow or COC return.

Could you give some links to information about what you're referring to?  (News articles, not opinion or discussions.)

@Account Closed  It sure does seem like it's going bananas in Columbus.  I'm not really sure what to do.  I have several properties there, and have a good management team in place.  I'd like to acquire 2 more properties, but not if they're overpriced (as everything seems to be now).  If anyone has a good strategy for finding a quality investment, I'm all ears.

@Tanvir Sattar What can you tell me about Toledo, and why it would be a good place for investing?

Of course, shifting to a new city has the added challenge of finding new, quality management, so it's not a light decision to do so....

Thanks everyone for your thoughtful replies. I posted this a couple of years ago, and have since invested in some SFR in Columbus. However, I'm finding it is becoming overpriced, and too competitive. If anyone has tips on how to find actual deals as an out of town investor, I'm all ears!

What is the prevailing wisdom (if there is such a thing) on calculating for future capital expenditures (CapEx) and maintenance for SFH rental properties, when running the numbers on a potential property?

Some people say $150/mo (I think @Brandon Turner does in his book), while others suggest a % of the purchase price.  I don't know how a % of the purchase price would be correct, since a 1000SF house that costs $50K is going to need just as much maintenance/capex as one that costs $150K.

For a SFH that is in reasonably good condition at purchase, what is a realistic amount to put in your calculations for reserves?