All Forum Posts by: Jason Theus

@Kathy Henley, thanks!!!

Thank you Mike for the advice!!! I’ve seen some that offer owner financing and when I checked The properties on real estate apps it sure was over priced. I also asked to use my own property inspector they said it could cause delays in the closing. 

@Mike M., thanks I’ll check it.

@Lane Kawaoka, aloha my braddah!!! Thanks for the info. I sent you a message a little while ago & look forward to your response. Mahalo & aloha!!!!

@Kathy Henley, exactly what I want to do.

I want to use the equity in my home to buy multiple rentals, I don’t want to pay it off but just quickly bring down the principal.

I was told that a HELOC sweep would be a good way, But how does it work by putting all my income into the HELOC account. Let's just say I want to do a HELOC for $40k @ a 2yr draw. Every 2yrs I'll do $40k. I was told that I need to pay 1.25% on total amount & 4.75 interest on $40k.

I've been looking for ways to best use a HELOC on paying down my home quicker.

Can anyone who has or is doing a HELOC sweep give me some direction.

@Todd Rasmussen, lack of experience, time it takes to flip & rent do to a full time job & family man that can’t just pickup & move agin. Turnkey’s just seems like a good fit. So the true answer would be a lack of experience.

@Jonathan Oh, thanks. I pretty much have no other option right now to go Through a turnkey company. Have you ever used a turnkey company to purchase real estate?

@Todd Rasmussen, thanks for the info. Do you invest out of your state thru a turnkey company?

@Zach Lemaster thanks for the info. Could a turnkey company help?