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All Forum Posts by: Joshua Gregory

Joshua Gregory has started 2 posts and replied 4 times.

Starting Out

Post: So what's holding you back?

Joshua GregoryPosted
  • Posts 4
  • Votes 0

@Frank Patalano understanding the numbers when it comes to analyzing a BRRRR deal.

0 Votes
Creative Real Estate Financing

Post: HELOC vs Cash out refinance

Joshua GregoryPosted
  • Posts 4
  • Votes 0

@James Marshall I just got that same advise from a friend. I think your right and on top of paying the interest for the rest of the loan my monthly mortgage payment would be significantly higher.

0 Votes
Creative Real Estate Financing

Post: HELOC vs Cash out refinance

Joshua GregoryPosted
  • Posts 4
  • Votes 0

I have a good amount of equity in my home and just got approved to take out 85% of it with a HELOC at 5.99%.

The goal is to start buying properties with this cash but I realized if I were to leverage a loan with my HELOC I would have two loans on the remodel and down payment part of each loan.

Would it just be better to do a cash out refinance for my equity instead of using a HELOC so I'm not loosing 6% on every house I buy until I can refinance out of that loan?

0 Votes
Goals, Business Plans & Entities

Post: LLC opening and recommendations in WA State

Joshua GregoryPosted
  • Posts 4
  • Votes 0

I am going to open an LLC to purchase properties out of state. I'm looking for a recommendation, ideally in WA, to speak with about opening one.

Any recommendations? 

0 Votes