All Forum Posts by: Jeremy Goettel

Hello! I am new to the BP forums space, although I've been listening to the podcast and have read some of their books over the last few years. I'm ready to jump in! But i wish to make educated moves and am hoping to link up and chat with people who have been there and done that. Book knowledge can only get so far, and I'd love to have someone to run things by as I am new to real estate investing. I'd love to chat! You'll get a free lunch or coffee out of it as well! Thank you. =)

Following this thread as I too would like to get plugged in. Currently have 1 rental in Nashville and 1 Primary in Franklin that will become rental but looking for other opportunities.

1 Vote

Nashville, Tennessee

Quote from @Manley Woods:

Does AIO mean all in one?

yes it does

0 Votes

Quote from @Wayne Woodson:

As @Christian Espana said having a good property manager is key. I do STR property management here in Nashville and can help with getting permits and managing the unit. DM me if you want more info.

Since our rental is zoned RS, we cannot do NOO STR but I was curious if terms greater than 30 days still require a permit to operate on AirBnB etc.? Thanks!

0 Votes

Nashville, Tennessee

Quote from @Chirag Gulati:

I have a HELOC from penfed.org on investment property 80% LTV

If you're looking for a local bank in CT, webster bank does as well. 75% LTV

FWIW: penfed stopped HELOC on investment in April apparently (I called yesterday). Maybe in the future but they had no info on when it might be available again

0 Votes

Hartford, Connecticut

For investment property I think it is 720. 680 if it is primary.

Still researching the AIO to see if it makes sense on my end but from the estimator seems like a great way if you are positive cash flowing and have large deposits each month to decrease daily interest.

0 Votes

So I found that Ridge Lending does AIO with investment properties 70% LTV to access equity. Seems like an interesting approach to have access for more than 10 years all while paying down the balance more rapidly than our convention 30 yr. Any experiences or cautions using this approach?

1 Vote

Slowly going through the list but thus far SouthEast Bank, PenFed are not offering HELOC on investment property. Figure does but its not a HELOC in traditional sense but they pull the full amount that you qualify for as a loan but if you turn around and pay it off right away, you can then have a re-draw as needed for up to 5 yrs. So might be good for some in a pinch if lenders are not offering right now. Thanks for this thread!

2 Votes

All Forum Posts by: Jeremy Goettel

Jeremy Goettel has started 0 posts and replied 9 times.

Post: Creative financing for money down

Post: April Nashville BiggerPockets Meetup

Post: Looking to make connections In Middle Tennessee!

Post: Banks or CUs that will do HELOC on SFH rental property?

Post: Share your experience with STR in East Nashville?

Post: Rental Property HELOC's

Post: Banks or CUs that will do HELOC on SFH rental property?

Post: Banks or CUs that will do HELOC on SFH rental property?

Post: Banks or CUs that will do HELOC on SFH rental property?