All Forum Posts by: Janel Briones

@Charlie Kimberly

hi Charlie, Id like to connect with you on KCMO and how you were able to build your A-Team out there.

@Marc Rice - Hi Marc, If you would share map with me as well, Id greatly appreciate it.

Is anyone keeping up with and considering climate change when buying and holding peripheries? Urban flood issues & real estate investment may be uncertain, but one thing seems certain: climate change is real & about get a whole lot costlier in almost every state.

Do you factor in flooding when analyzing properties? The National Flood Insurance Program is now going bankrupt. Looks like all options are on the political table & the future is uncertain. Te only flood insurance you can buy is from the feds & they’re trying to figure out new ways to keep a sinking program afloat.

Sounds like new federal flood insurance rates come out in Oct...

@Salvatore Lentini

Would you be willing to share this with me as well?

If I am using $ from a HELOC, as a down payment on a property, how would I include that expense in my analysis?

Should I be conservative and include the P&I, or just the Interest, as in the draw period, payments required are interest only?

Would I consider this down payment monies, from HELOC loan as "cash" , for COC return?

Where should I plug in this HELOC payment in the rental property calculator, or manually add it to?

How would you suggest estimating or getting average costs, for the utilities that landlords are typically responsible for, (water / sewage / trash ) in OH --  To plug into analysis?  @Kyle Parks / @Ben Smalley @Robert Matelski

@Robert Matelski hi Robert! Would you mind sharing that with me as well? Reached out to connect with you here on BP.

@Brandon Sturgill - You mentioned "proven locations" in CLE, could you give more insight on that? 

@Daniel Kim Thank you for your response.  When you say 'required future monthly payment' that was for the FULL amount of credit of your HELCO? ~ Hoping to get some input from lenders as well. 

I am obtaining a HELOC on my primary residence to then use for the down payment(s) for investment properties, that I would also have an additional purchase loan(s) on.

What should I factor in, to decide what amount of credit I should apply for my HELOC - knowing that the purchase loan(s) lender would calculate my full HELOC amount within my carried debt?

Are there calculators or formulas that could give me an idea of how much debt I could carry (including my full HELOC amount) to obtain $X amount for my investment property purchase loan?

Is it fairly easy to go back and get my HELOC limit raised, if needed?