All Forum Posts by: KeviMoni Allison

@Joe Villeneuve for the win. Well put and simply explained. Thank you sir.

@Mike V. Concur. I use Airbnb and Vrbo for properties 40miles away and 3,000 miles away in Hawaii. We live in the panhandle of Florida. If you have a good cleanner and handy man/repair dude-dudette. You are solid. I can replace all linens and household items via amazon and save on PM fees. I did share / co list my house with 3 PM teams before going solo. TO SEE & LOST $$$ I made more reservations and have a personal touch to the guests. Most of which are repeat family visits year after year.

@Tarik Turner yeah not a bad alternitive. Cash talks for me. 330$ available back with VA just have to pay 24k funding fee and new rate jumps to 4.7Apr

@Greg Horn correct. Kaua`i nō ka ʻoi. Send em please.

Bigger Pockets Refi question Our Intro: Hi we are husband and wife dynamic duo Kevin and Monica. We are/becoming real estate professionals and seeking to FIRE. WooT! GOAL: we surpass the milestone and target of 10k$ a month net passive income —so we can FIRE, we currently working are in active duty military family and stationed in the panhandle of Florida. (We are currently seeking multi family deals as well.) Background: We own a triplex in Hawaii and three properties in Florida; of which 2 are single family homes and one duplex. Problem Situation: We currently only have one of the properties in a commercial loan and held by an LLC. And the other 3 homes are managed as separate LLCs, but loans are in our personal names. Seeking reduction of liability eventually with all homes in LLCS when rates are better for commercial loans or we BRRR these homes. Problem statement: My question is What is the BEST method to cash out equity, as one home has 300-400k sitting available before we get to the 80% LTV. How and with whom should we proceed with refinance options both commercial and personal loan routes? My why: I asked because We fear liability for that negatively leveraged land under utilized equity asset not to mention the opportunity costs are losing for us.  Our CPA stated we have become negatively  leveraged. Good news part: My current interest rate is a VA loan with 3.25% on $405,000  balance & my property recently appraised in the $1.1 million range (really good part) Seeking the HOW! I’m sure there are many options out there I just can’t seem to find decent commercial products or viable personal loans to refinance and capture this equity so I can leverage it for future purchases. Can you help me? Aloha! Mucho mahaloz

Hey group, This is my first post asking a general question, so bear with me as I voice text this :-) We are investors in Hawaii, Colorado and now Florida. We are investing in Bay and Walton County Florida. My question is is it wise to keep the HELOC at prime plus .5 a point on initial down payment, and renovation costs estimated to be around $35,000?💰💰💰💰 and slowly make money over time. 100 months of $350 from profits to take 8 years to break even. Or to pay it off with my own funds to make the money faster?

BLUF: Gut check, would you want to live next to them and then do they pass a credit check? 

1st post on this site EVER!  Woot, busting that cherry.