All Forum Posts by: Luis Crespo

I am considering buying a five family home in central NY. Anyone have any experience getting a loan for a five family? Anyone know a bank in Syracuse area?

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I am looking on applying for a HELOC loan and many of my friends advise me to use a HELOC that is repaid using Libor instead of prime. Any thoughts out there?

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I am looking for a beachfront condo to rent on short term basis. Anyone know where the best areas are to begin?

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Are short term rentals prohibited in St Petersburg, Florida? Some are saying the end is near....

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Hi everyone,

I have been watching many YouTube videos, particularly some by a real estate investor by the name of Michael Lush. One of Michael's strategies is to buy your primary home using a HELOC loan, then putting all your monthly income to pay off the loan, while using the same loan as a checking account to pay your monthly bills. This strategy is suppose to cut down a 30 year mortgage in approximately 7 1/2 years as long as you put more money than you spend. The word "discipline" is also empathized throughout the video. I was wondering if anyone out there has tried his strategy and whether it works....

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All Forum Posts by: Luis Crespo

Luis Crespo has started 13 posts and replied 15 times.

Post: Looking for a commercial bank for purchase

Post: Libor vs Prime interest rate. Which is better?

Post: Short term vacation rentals

Post: New laws for short term rentals in Florida

Post: Purchasing rental property with a HELOC