All Forum Posts by: Kunal Datt

Cash flow can be difficult to come by even in Raleigh and properties are not staying on market long (even the ones that need extensive rehabs). I am a local investor in this market so let me know if you want some insight. 

Not saying it won't cashflow at all, just don't expect 8-12% CoC returns.

@John Jones

I’m interested in investing in Memphis. Please send that zip code guide!

@Ruchit Patel

Which turnkey provider did you use and which market did you choose?

I agree with most folks are saying here. Normally HELOCs would be used for short term financing situations. I assume the motivation on using the HELOC was to pay cash for the property to get a better deal when purchasing. I would just have a plan to pay it down aggressively. If you current income and cash flow allows you to do this then you'll be fine.

I'd be interested in this as long as the numbers make sense (CoC, vacancy, Cap rate, etc.). A turn-key quadplex just came in my inbox but is out of my price range: 407 Bledsoe Ave Raleigh, NC 27601

Great Article. Please change the background color on the page...hurts the eyes =)

I recently opened a Chase Business Checking account for my Real estate LLC in Raleigh, NC. You simply just need to have a certain amount of money in the account to waive any fees based on the 'Tier' of the account. Most banks offer free checking accounts.

It's usually pretty easy to determine ARV by looking at comps that sold in that area for similar sized properties and that are updated to the level that you plan on updating the property. But as always, try to be conservative with ARV especially in this market when home prices could be going down, before they go back up.

Have you considered doing a BiggerPockets Bootcamp? 

I have a similar but slightly different situation. I have about $750k in equity in my primary home. I spoke to the state employee credit union today and they offered a 4.5% interest rate on a HELOC on my primary home. Plan to use 200-300k to buy a rental property (duplex or a BRRRR SFH deal) in the near future. Is this a good rate? Is this a good plan?