All Forum Posts by: Giovanny Vizcarra

Hello!

I would like to ask for some input and helpful information, for using a Heloc as a means to paydown mortgages quicker.

I have 4 properties. 3 are rentals, 1 has an attached casita. And my 4th(primary) property

Will be getting a garage conversion for house hacking.

Total monthly cashflow after garage conversion, (which will be $700 monthly) will be 2600.

I have enough capital to pay off 1 of my properties which will increase my cashflow to $3600 monthly, but i think i would like to apply for a HELOC instead and use my capital to add monthly paydown plus any extra income that i bring home monthly. Ive run some numbers and at a 4% rate i have calculated that I can potentially have 2 of my properties completely paid off in 4.1 years. (That would be best case scenario. My question is what are the best banks out there for HELOCS? what is the usual cost of one?

Thanks

@Eric Schultz thank you for sharing the info. I had no idea HELOC'S interest rates could be that low, close to mortgage loan rates at least,

How is the amortization on Heloc's if youre doing interest only?

Hello Bigger pockets!

I am new to real estate Investing. I want to know if there are any local realestate investor groups here in Las Vegas, Nevada I would like to start networking and meet different people that are like minded that i could network with and help me grow.

Thanks,

hello guys, I have just signed up for the pro membership and wanted to ask what the promo code for rentometer is, I cant seem to find it anywhere. also I keep hearing about rentrange and wanted to see if anyone had a promo for that... and lastly has anyone had any issue with downloading the the book on investing with no money down, I obviously got the book by signing up to pro, but I cant seem to download it, anything helps, thanks!

Giovanny Vizcarra