All Forum Posts by: Josh Lyons

@Chris Svendsen Thanks for the info. I'll check out Penfed as well. 

@Juan Rosado I’ve read some of Gary Keller’s books and a couple by Brandon Turner and they advise strongly to have a GREAT team. Not a good team. A great one. Just like any business the people working there are the most important factor to success. I say if you’re not happy with their performance then go get a GREAT realtor. Especially since your realtor is one of the most important people on your team.

@Joe Villeneuve haha I like your answer!!

I see a lot of people on this thread use the cash-on-cash return metric. Is that the most common one to use? I've seen articles going over the importance of the IRR and total return. Do some of you use those along with the COC?

Thanks @Randy E., that's helpful. In your experience, how much better are the HELOC fees than a bank?

Do any of you have a good credit union (easy to join) in regard to home equity loan or line of credit?  I've read that credit unions can offer lower mortgage rates than banks so I'm curious if you have suggestions on a good one. 

 @Sungpil Lee I'm considering that exact question myself. Just curious, what are some of the terms on the two different options that you have with the two options? I'd be interested to hear the interest rates you've been quoted on each option. 
 

Thanks for the question William. I'm also looking into opening a HELOC with my bank. I've spoken to them a couple times about it and it appears to be pretty inexpensive money to borrow.

Ok thanks, that helps!

I talked to my first hard money lender yesterday and they said they don’t lend to individuals, only legal entities. Is that common for hard money lenders? Is it a good idea to set up and entity for that or to find a HML that does lend to individuals?