All Forum Posts by: Jose Ortega

Hi all,

I was wondering if anyone in NC has dealt with a tenant crypto mining at their rental property which caused significant increases in utility bills (for furnished rentals with utilities included). Is this a true situation? If so, how did you deal with it or what verbiage did you use in your lease to prevent this?

Any guidance would be greatly appreciated!

Hey everyone! So after buying my third property I have ran into DTI issues. No problem getting a loan to purchase a property because I can use a DSCR loan but in getting a HELOC on one of my properties to use as a down payment. I tried going through BOA and they told me my DTI was too high. I looked into refinancing but that didn't make sense since my payment would go up by a little more than 1000 dollars a month. Any advice on how to proceed in getting some of that equity out would be greatly appreciated!

Thanks for that advice guys! I would also like to know how to go about taking money out against the equity in my properties. What would be the best loan to look for?

I've been juggling the idea of using some of the equity in my homes to buy a couple more properties but don't really know which route to take. Would it make since to buy something I can BRRR, or buy something that's more turnkey in today's market?

Any advice? 

Thanks!

Thanks for the recommendation everyone. But yes I live 3 hours away. I would much rather do everything manually and I will for the most part but would like to get a head start on automation. Getting familiarized with all the tools and how they could help will be useful in the future. 

Hey all. Getting things ready to launch my first STR and wondering what systems you all are using to automate your listings. Also, any helpful tips would be greatly appreciated!

Hey what's up Shane! I actually did attend a meet up two months ago that you hosted in Clouds. Wasn't able to make last month's meet up but hoping to make this months! Would love to hear how that condo turns out for you man. Still trying to decide what I should do since it seems hard to find an ocean view (or front) condo that lenders are giving second home loans on in myrtle. With that and looking to purchase a STR in Raleigh too it's got me all over the place.

Hey all!

Wondering if we have any investors in Myrtle Beach SC on here that can shed some light on how the market for STRs are in that area? I am located in Raleigh NC and looking to buy a second home but also use it as a STR. Also would love to get connected with like minded agents in the area since I can't seem to find any on this site for Myrtle.

Thanks!