All Forum Posts by: Manraj Singh

Hi James, I had a look at their properties and customer presentation but nothing more. 
are you considering Jean Gillen for a Florida Turnkey? if so, how has your experience been so far?

congratulations! I am beginning my investment journey and your write up is really helpful to put things in perspective.

I am new to Real Estate financing and I wanted to check with The group before taking a step.

I am planning to apply for a refinance for my home loan (rates are lower than last year).

I would also like to have a line of credit from my home for any future REI projects.

My doubts are :

A. Should apply for a Refinance first, Be done with it and then apply for a HELOC? Or should I apply for both together? I am not looking for a CashOut Refi since I don't have the need for cash now (or any REI projects at the moment) and don't want my mortgage payment to increase.

B. Should I use the same Credit Union/Bank for both? Will it be seen favorably/unfavorably by the underwriter that I am applying for both (taking on large credit aswell as a loan) ?

Thanks,

Manraj

@Stephanie P.

Although not a BRRR deal, but her deal seems to have $6.6k of her money tied in, yet accruing $100 cash flow per month. . Wouldnt that make it a good deal nonetheless, 18% CoC annually?