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All Forum Posts by: Jeffrey Schechter

Jeffrey Schechter has started 2 posts and replied 3 times.

Creative Real Estate Financing

Post: Purchasing second property with HELOC from my first property

Jeffrey SchechterPosted
  • Oceanside, CA
  • Posts 3
  • Votes 0

My wife and I are looking to add a second property to our portfolio, we are looking to use the appreciated value of our first property to purchase the second.  

I am just looking for some help understanding how to calculate cashflow while needing to incorporate the HELOC's variable interest rate. I don't want to get myself in a situation where I am losing money each month. Please reach out if you have purchased a property with a HELOC or have helped investors in this situation.

Thanks

0 Votes
Real Estate Events & Meetups

Post: Desert Area REI Group

Jeffrey SchechterPosted
  • Oceanside, CA
  • Posts 3
  • Votes 0

Look Forward to meeting you all there.

0 Votes
Innovative Strategies

Post: Using IRA money to buy house

Jeffrey SchechterPosted
  • Oceanside, CA
  • Posts 3
  • Votes 0

If I use IRA money to purchase a home and am using the BRRRR method. When I go to refinance and get a loan against the new value of the house, what am I legally allowed to do with that money?

0 Votes