All Forum Posts by: John Nicholas

Hello @Bill Manassero

I am also from Mission Viejo and am looking to invest out of state but a little apprehensive, I would love to hear your successes.  

@Calvin Reid  Thank you for you input.

@Rich Johnson

Hey Rich thank you for the info that is very helpful 

@Aram Duell

Hello Aram, I have not purchased the property as of yet. I am trying to see if my plan is feasible. I would like to take the cash i own on another debt buy a property HELOC it and pay the debt with the HELOC funds and have the tenants pay the debt.

@Reese Thompson  Hello Reese,  I have a bit of debt i want to payoff and would rather pay the cash for a property and have the renters pay the debt, and keep the asset.

Thanks for the replies.. 

Hello, 

I am curious if it is possible or how difficult it is to get a HELOC on a paid off apartment complex. if possible what would be the LTV you could get? How does the bank value an apartment complex.

Thanks 

Thank you very much, that does help me from avoiding mistakes ...

I am an out of state investor and wondering if the Chicago, IL 60629 will see appreciation? or if it is a good market for buy and hold.  Anyone invest in this market

Thanks 

 Could you share your program details?

Thanks