All Forum Posts by: Kerri K.

@Preston Porter Im curious how people pay off the heloc? Do you use cash flow from those investment properties to pay off whatever you borrowed ? Thanks in advance !Z

@Henry Laze-row Im curious how people pay off the heloc? Do you use cash flow from those investment properties to pay off whatever you borrowed ? Thanks in advance !

@Dylan M. Im curious how people pay off the heloc? Do you use cash flow from those investment properties to pay off whatever you borrowed ? Thanks in advance !

@Patrick Britton how in the end did it benefit them ? What were the terms of your loan from them ! Just curious :)

@Jessica James get it girl ! We all start some where and this is a great place to ask questions. Truly, it should be safe as well... constructive critique, words of caution, wise words, and lots of support. The goal is to help us all move up in our goals bc it’s a trillion market. Every once in a while you get bad advice 👆. Sadly, it happens!

@Chris Reyes a resounding YES to the 100s of comments. It truly is multi factorial but the wealth that can be found is real estate is more then what normal Middle class can earn. This allows us to dream bigger, give more, provide more for our families, and leave them with a business.

Truly, I have 4 kids and I want time freedom MOST! As they walk in to middle school you better believe it’s me who’s going to take them AND their friends every where, have them in our home so I can mentor a generation of kids, keep them safe, stay up till 1 am feeding them etc and the last thing I want it to be at work, someone else taking my kids places, wondering if they’re safe, watching our food budget etc.

Hey all you BPs!

I’d love your input.

The quick story- we bought a house and kept it when we moved in to another so now it’s a rental that cashflows 300/ mo (we will raise rent by 200$ in April). We found out we could get a heloc on that 1st home and so used that money to purchase a second property that has an above garage apt so both house and apt cash flows 650/mo for a total of 850 ish mo and 3 doors. But now we also have a heloc for 50k.

(This is also before I knew about brrrr)

THE QUESTION:

Should we refinance our 1st rental and wrap up the heloc at the lose of the heloc and maybe some cashflow?

How is debt to income figures bc I feel like with the two peoperties in our name and the heloc they think we are about at max on the debt/income.

I want our next move to be a 4-12 plex and eventually I would love apartment complexes. So I’m just trying to figure out how to quickly pay off the heloc and creatively find the next move (we use the 850$/mo towards heloc).

@Raymond J. Rodrigues what bank ?

@Mark Stark I’d love more info on this

Hey all you BPs!

I’d love your input.

The quick story- we bought a house and kept it when we moved in to another so now it’s a rental that cashflows 300/ mo (we will raise rent by 200$ in April). We found out we could get a heloc on that 1st home and so used that money to purchase a second property that has an above garage apt so both house and apt cash flows 650/mo for a total of 850 ish mo and 3 doors. But now we also have a heloc for 50k.

(This is also before I knew about brrrr)

THE QUESTION:

Should we refinance our 1st rental and wrap up the heloc at the lose of the heloc and maybe some cashflow?

How is debt to income figured out bc I feel like with the two peoperties in our name and the heloc they think we are about at max on the debt/income.

I want our next move to be a 4-12 plex and eventually I would love apartment complexes. So I’m just trying to figure out how to quickly pay off the heloc and creatively find the next move (we use the 850$/mo towards heloc).