All Forum Posts by: Jerryian Francois

Quote from @Simmy Ahluwalia:

Got it.  For just $60k-ish, you should opt for an Unsecured Line of Credit.  A lot of my investors use this for down-payment, materials, expenses, etc....it's 100% credit score and credit history based.  

AWESOME IS THAT OFFERED FROM CREDIT UNIONS ? AND DO YOU HAVE ANY GOOD RECOMMENDATION OF ONE ?

Quote from @Simmy Ahluwalia:

Hi @Jerryian Francois - what do you mean by, "conversion"? If they are tenanted properties already, then the only items you will need will be furnishings, correct? Or, do the properties need cosmetic/renovation work to make them more appealing to STR customers?

Pretty much light cosmetic work update also me floors kitchen backsplash to get them more appealing as you stated ! Correct 

Quote from @Bonnie Low:

How much equity do you have across all those properties? You might be able to do a cash out refi and get what you need. That would be my first option unless you don't want to refi at today's higher rates. 

Well I closed last year on my 3 unit Duplex for 415,000 it’s now at 489,000 and I got in at 3 % so I don’t want to lose that for higher rates and I just closed last month on my recent duplex I know that’s not a option 

HEY Guys Hope All is well im asking for my fellow bigger pockets colleagues to please and kindly point me into the right direction to some renovation funding lenders i am here in the beautiful miami fl i have 2 multifamily 1 triplex and 1 duplex that are LTRS currently  that im looking to CONVERT into STRS OR MTRS IM LOOKING TO  get at least 60k in renovation funding any recommendation or advice will be helpful !

Hey guys quick update here just joined BiggerPockets co host robuilt host camp today and i am excited to take my business to the next level we have successfully rebrand and im looking forward to potential turning my long term properties to STR if the numbers make sense im excited to learn from rob and im ready to take on this new challenge wish me luck guys !!! I am looking to get a STR IN KISSIMMEE FL AND LOOKING TO SCALE !

Quote from @Ray Hage:

From one investor to another, congrats on make a lot of progress! And stay humble, there is ALWAYS more to learn and ways to grow.

 Most definitely thank you for the Advice !

Quote from @Daylen Fiallo:

Amazing job! Keep it going :)

Thank you will do !

Quote from @Ash Hegde:

Great job! How large are you trying to scale? 

Well I’m looking to continue to add small multifamily so 20-25 total units !

Hey bigger pockets familiy ! Hope all is well with you guys I'm here with a quick update on my journey ! For the past 3 months I've been educating myself reading more than I have ever I got rid of all my distractions left an old business partnership and I even cut my hair for new energy and beginning! During those 3 months I also was in the market looking for a duplex ! With God Glory I was able to find and get under contract my first house hack using FHA in the beautiful pompano beach area ! This will be my second purchase in two years totaling in 5 units ! Even with the uncertainty of the market with the tools and education bigger pockets provide I feel so confident to take action ! And I'm so excited for my Growth and to continue to scale using the house hack strategy!

Thank you happy holidays to you to enjoy The snow in Colorado ‼️