All Forum Posts by: Jake Kozul

Thanks for the info...in that home, do you have boiler or furnace as the heat source. 

Does anyone have any creative ideas to control the temperature on my rental homes? I have a couple rental properties that I cover the utilities on...so been trying to figure something out. 

I've been in mortgage lending for 10 years...so I am well aware of that...and it is true...you can't get financing within the first 2-3 years conventionally. I am speaking about business and personal banking, with smaller banks...that is doable as it does not require the regulated requirements that a typical mortgage does, however, you do need some experience, connections and a good business plan (word of advice to anyone looking to score alternate financing). 

I may just sell everything and move to Ecuador.

Thanks everyone for the input...pulled a lot of good insight from this thread...appreciate all of it. At the least I'll have a greater base of information and confidence in my decision. 

Goods point Jesse...I am going to stay on for a couple months to finish up another property I am purchasing....have a good relationship with a small, local bank that will at least lend me 50% of my property values for project and a working line. I would like to take on something to build skills in the industry part time.

Working my way towards it...easier to see the cash come in as an appetizer and think I can get full than trying to make it the main course...I have a good sized appetizer, but may be being overly cautious.

That is a great point...I started really paying attention to cutting expenses this past year, getting better insurance rates and cutting out some of my management. I have been tracking them the past 6 months (since I have tightened things up) very closely to bring me to this point. At what time frame did you feel you had a good handle on your net cash flow Kurt? That is one thing I'm struggling with...I have well more than enough on my ideal, and even if I have some off months, I can should still be ok, but as I am sell off properties, and acquiring more, it is hard to nail down those figures. 

Freedom is why most of us got into this...or at least us it seems. 

The debt is only for expansion...looking at a 50% line on the existing homes and unsecured at anywhere from $125k-$250k to handle any fix and flip projects or opportunities that come across to acquire distressed or desperate properties. All of those funds would go back to clearly pay off the debt incurred and purchase more long term holds with the proceeds.