All Forum Posts by: Joe LeGolvan

@Andrew Postell Thanks, yeah I found a investor friendly lender. Pretty straightforward easy process.

@Gaetano Ciambriello yes cash. Only 1 month. Only looking to take about 60 % ltv. I would have financed the property in the first place but there were 12 other offers.

Hey y’all, looking for a lender to do a cash out refieye on a house that was recently purchased. I know sometimes it can be difficult for lenders to do a cash out refi of the house was recently purchased, looking for somebody who can do so. The property has a renter, I’ve got good credit and income.

@DeWitt Gibson can I ask why? I assume your an investor... I’m a little bummed because I was planning on buying three more properties over the next six months.

@DeWitt Gibson. According to my lender investment loans are increasing by 1%

Thoughts on how this will effect rates?

@Nicole W. Thanks for your answer

Hey I’m new to using leverage, but not new to real estate investing. I’ve been a long time cash buyer and Dave Ramsey listener. But I’m seeing the flaws in this mind set for people who are financially disciplined and know how to use debt in a responsible way. I’ve just recently started using leverage to scale my portfolio to an earlier retirement. Of course nothing is full proof but I’ve been trying to stay around 50% Loan to value on all my properties. Of course this does not mean I have all of them 50%. (Some more some less.) but overall 50% I’m wondering if some of the more veteran investors could comment on this philosophy. My goal is financial freedom like most, if I use more leverage I could get there several years earlier, but I also like to sleep at night. Of course everybody is different but wondering some general opinions if people think this is too conservative. Thanks much appreciated. 

@Chris Clothier get complete reply. Thanks!

Just bought my first property in Memphis and wondering what your insights are on Memphis population growth. I see mixed data throughout. Seems like there’s been a good deal of appreciation in both rents and housing prices the last year… Thanks!