All Forum Posts by: Joe Xie

Chris Mason Thanks.I will keep that in mind.

@Account Closed Thanks. Got it.

Chris Carter thanks for the inside. On HELOC, does it have a hard limit other than 65%-75% LTV？ in another word, can I get a 650K HELOC if I have 1 million equity in the house?

John Anderson can you please explain? I was planing to use it.

Roman M. Where should I look for tax liens? I head about that on BiggerPockets podcast show but never did my own research. I do not mind wait 36 months.

Alex Deacon Roman M. Thomas S. thanks a lot for the reply. Thomas S. Very interesting comments, thank you to speak out. It is true that I have over hands full rental properties, the situation just like you said, low cash flow and very high equity. However, I have done nicely ( or I think I did) with house valued up to 3-4 times the price I paid. My goal is to add three more such properties with positive cash flow (hence need lager down payment) and wait for the appreciation to do the magic in 10, 20 years. I would like to hear examples of these "high return and zero effort" ways to invest. Are these high risk too? My nature is avoid high risk to get higher return and I have very sizable stock and bond profile already.

I am buying a rental property as Tenancy in Common (TIC) at Bay Area and getting a 250K Fractional TIC loan. The close cost of the loan is close to $6500 including everything which is look high to me and the rate is 4.25% 5/1 ARM with cap of 9.25% ( they do not offer 15 or 30 years fixed for such type loan). I have the cash to do cash but that will leave me with no down payment to buy next one (I am still looking for a place for myself as My family just moved here) for some time. The question is should I pay all cash to save cost or take the loan? Since the loan will balloon in 5 years, I plan to pay off it when 5 years comes due any way. A bonus question, I have other rental properties with large equity in them, can I apply HELOC now (for backup) while applying the TIC loan (suppose to close escrow in 30 days from now)? Will the process negatively affect the TIC loan process? Thanks a lot for you time to give advice.

Kyle J. Thank you very much. Very useful questions.

P.J. Bremner thanks!

Bryan Reid thanks!