All Forum Posts by: Jermell Shavers

Call the utility company and they should be able to tell you how much the utlities run during the deepest part of winter and you should be able to get a baseline from there. If the gas bill runs 200$ divide that by 3 or however you want to do it. I'm not the best but it works for me so far. im sure someone else can break it down better than I can 

@Paul Defngin I figured it out Non Owner Occupied 👍🏾👍🏾👍🏾

@Paul Defngin what is NOO Heloc ? I'm still new to BP

@Paul Defngin I plan on using it to buy another rental to get more property and become totally passive as I want to begin international travel.

I would like to take a Heloc out on a rental I just bought but I talked to a loan officer and he said the property must be worth 100k or better I have a house that’s worth more than a 100k but I don’t want to Heloc that one. Any advice ? I’m not much for risk at this point in the game and don’t want to lose anything

@Samuel Fletcher Hardy just add it into their rent you’ll have a hard time getting them to pay that in top of their rent believe me been there and done that just add a base amount to the rent and your life will be much simpler because not everybody is using he same amount of utilities and people will complain.

@Matthew Paul I like this guy

I went to college years ago and I had the chance to either pay off my student loans or buy my first property this was 2015 I wish I would've bought that property I drive past it when I visit Saint Louis all the time. I just bought another property in north county. My advice do the rental property and make a payment plan for the student loans.

Thank you I was a little unsure but I had a great realtor and told me section 8 was the way to go for that property especially since the return would be great 

Just purchased a home in Castle Point for 30k gonna need about 15k I’m rehab maybe less idk. Section 8 cash flow 1100 a month just a beginner