All Forum Posts by: Luke Henson

Looking for recommendations on a photographer to take photos for a new long term rental listing I have going live in a few months.  Any Charlotte area investors have someone they've worked with in the past that they would use again?  Thanks in advance.

Looking for some recommendations on Tax Prep firms that have somewhat of a specialization in real estate in the Charlotte NC area.  May need to make a switch from my long standing firm which is not local to Charlotte.  Any suggestions are appreciated!

Just as an update, I was able to lock in a HELOC on the investment property through Penfed at 80% LTV. They used a real AVM that was pretty close to what I was hoping for and waived the appraisal requirement. Quick and smooth process, finishing underwriting now.

Appreciate the lead Jim and the rest who gave suggestions!

Thank you! Yes I'm trying to find a lender that offers a HELOC for investors, having a hard time here with local banks and credit unions. Looking to tap into the equity for cash purchases to BRRR with. Definitely understand the unused ones get closed when the market goes downhill.

I still have full time W2 and a 830 credit score, so getting qualified likely not an issue, just need to find someone who offers them.

I have an odd situation and I'm hoping someone may know of a solution.

I have a Townhome rental property that has FHA mortgage with a 2.625% rate and I was able to get the PMI removed through a fast track refi earlier this year. I have about 130k in equity in it that I'd like to tap into to help towards purchasing another property. I haven't had any luck finding lenders who will offer a HELOC on it as a rental property, and the solutions I keep being presented with are a cash out refinance options. However, if I do that, I certainly wouldn't be able to keep the 2.625% rate and my monthly expenses would go up quite a bit.

Anyone have any creative ways to reach that equity?

 Thank you for this! I'll reach out today.

I was working with an agent to add a landlord liability insurance policy to one of my rental properties here in Charlotte and communication stopped/never followed up with me.  Anyone have a referral to an agent they've enjoyed working with here in the Charlotte area?  I care more about communication then getting the cheapest rate.

Hi Carla! Welcome to BP - I have a few single family properties here in the Charlotte area as long term holds, I'll message you the name of the REI specific CPA I've used for the past 5 years.