All Forum Posts by: Jason Schimer

@Mark Bookhagen & @Garen T. Both of you guys made perfect sense when explaining HELOC but besides the variable rate are there any other negatives?

I have a property that is free and clear and I want to pull money out of it so I can reinvest just like the rest of us. Here's the thing, do I pull the money out using a conventional loan or do I go the HELOC route. I've hear power arguments with both but I'm here to hear bigger pockets side of it.

Simple question that I need someone's advice on. For one of my rentals that i need to get property insurance on and there are 2 that I can get. One is $2k and he other is $1k. The more expensive one covers everything under the sun and the cheap one is pretty damn basic. Being that it's a rental what do you recommend?

Mike Dymski maybe I'm just being naive but what are some other ways to do the BRRRR strategy without using your own money.

As we all know the market could be peaking out. No one has a crystal ball and no one can know if sure but we can assume that we don't have 7 years of time to play. The question I ask is it really still a good time for the BRRRR method. As a proven strategy in a growing market there is no denying but are we coming to the point where we can't be sure in 1 year our refi will be worth getting? Will the bubble pop and not have time to recover by the time we have to refi? Will wee be stuck with our hard money loan? Will we be stuck with an upside down property. I know people are going to still say run the numbers and make sure you cash flow and we can't forget find a good deal. Even with all of that is a BRRRR method the best option even if we dot the I's and cross the T's especially when we have to pay by our loan shark biting at the bit to get his money. What are our other options besides sitting on our money? I hope this doesn't sound like snake oil. I'm looking for other options. Any answers would be greatly appreciated.

As we all know the market could be peaking out. No one has a crystal ball and no one can know if sure but we can assume that we don't have 7 years of time to play. The question I ask is it really still a good time for the BRRRR method. As a proven strategy in a growing market there is no denying but are we coming to the point where we can't be sure in 1 year our refi will be worth getting? Will the bubble pop and not have time to recover by the time we have to refi? Will wee be stuck with our hard money loan? Will we be stuck with an upside down property. I know people are going to still say run the numbers and make sure you cash flow and we can't forget find a good deal. Even with all of that is a BRRRR method the best option even if we dot the I's and cross the T's especially when we have to pay by our loan shark biting at the bit to get his money. What are our other options besides sitting on our money? I hope this doesn't sound like snake oil. I'm looking for other options. Any answers would be greatly appreciated.

Welcome Christopher Muench I have to be honest the first thing I thought of when you wrote that you were going to be uber was hats perfect for him driving for dollars. Keep your eyes open and use that to help reach your goals. Good luck.

Jon S. my father was living in one of my units before retiring and we left it at 78 like you said until I moved someone else in. The bill was around $45. Tell the tenant of the safety issues and have them finish the month the proper way.

When investing in a new area what are some area upgrades that you make the lightbulb flick on? What do you look for schools, landmarks, colleges, possible art district, hospitals... What makes an area the needle?

John Ching so the payment that would go towards a down payment would go to credit repair or do you do both? Interesting concept. Thanks for sharing.