All Forum Posts by: Chase Keller

Hey Lea.  What area of Iowa are you from?  Are you wanting to buy in that local area?

I agree with a lot of what the others have said. I would definitely refi your properties and take out what you can. 

My model has been to refinance the property that I have, use that to buy another property with cash, which is a good tool to get a better deal, also use that refi money to do the renovation, which I buy pretty distressed property most of the time. Then once I have it stabilized and rented, then I go back to my banker, redo that one and move on to the next one. 

I have worked exclusively with a single mortgage guy, that may not be the best choice for everyone, but Ive grown a good relationship with him and we know what each other needs. I do this full time, so I don't have the advantage of having another income. Which means that we refi at 70% LTV, and I'd say the appraisals come back conservative, but I get pretty good terms and I can pull out enough to do the next project.

Good luck, and if there's anything else that i can do to help, let me know!!

Hey Rebecca,

I am interested.  What are you asking for it?

I use Steve Hellman with Hellman and Assc. For my CPA. Seems to have done a pretty good job for me. 319-235-4450

And I would certainly recommend Chuck Augustine for your attorney. He's probably the most respected real estate attorney in this area. Klatt, Odekirk, Augustine, Sayer, Treinen & Rastede, P.C. 319-232-3304

My Attourney is Chuck Augustine out of Waterloo. He has done all of my real estate and business contracts. Very respected in this area. 319-232-3304