All Forum Posts by: Jose Garcia

So I own a rental property here in Denver. It has between $250k-$300k of equity in it at 3.25% interest rate. I gross about $1,200 a month after I pay the mortgage. Mortgage is $2,500, rent is $3,750. 

I'm looking to purchase a primary residence in Denver but don't have the cash for a downpayment at the moment. I'm potentially looking to take equity out of that house to buy another. I'm concerned a cash-out refi isn't a great idea because of the current interest rate I have. What are your thoughts? Should I do a Cash-Out refi, see if i can get a heloc, other options I'm not thinking of? 

Hi - I just purchased an under/over duplex that was previously a duplex (years ago), used as single family last and we are turning it back to a duplex. The doors that were taking off are still available to turn it back into a duplex.

The are exterior doors on the side of house for both units. However entering in the front door will now be a common area. Tennant B would go up the steps to enter their apartment. Tennant A would go into a door to the right and enter their living room but the door we have for that one is a french style door with windows. I cannot find anything to say in Pennsylvania what the code is for this. However, I am wondering if we should put a solid door there for tenant privacy/security or would it be appropriate to use the french style doors, put locks on them & just blackout or frost the windows so tenant B cannot see into tenant A's apartment when entering the common foyer through the front door? Any thoughts on this?

Good morning,

Where would I be able to find mobile home parks for sale in Virginia Beach? I did a Google search but there were no good results. 

Hey folks.  I am looking for an advisor, and I have a standard question that I ask every one that I have spoken to.  I have yet to get a creative answer (pay down debt, max out your retirement, etc... is the almost universal advice).  I thought this might be a good place to pose the question:

I have $50,000 equity in my home on a fixed 6% HELOC. What would be the best use of that money so that I am able to develop a cash flow portfolio that I can continue to grow?