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All Forum Posts by: Matthew Fitzgerald

Matthew Fitzgerald has started 14 posts and replied 51 times.

Michael Plante I don't think so our LTV is about 50%
I like properties that have been sitting on the MLS for a longer period of time. IMO it's usually because the price is to high among other reasons, so I would definitely low ball.
Awesome Collin Schwartz we are trying to close on our first deal, stories like yours inspire me. Thanks.
Collin Schwartz congrats again realized I have been posting names incorrectly.
Congrats @Collin Schwartz. Are you investing in your local market or is this all out of state. Also do you self manage or have a PM?
Hey everyone I wanted some advice this morning. We are new investors and about a week away from closing on our first four plex. We used a heloc to buy this property cash, and after some renovation we will refinance and pull cash out. Our heloc if 145k We owe 250k on primary we could sell for 540-560 netting roughly 260. We could rent this house for 2700 conservatively. Our mortgage payment is 1900. So should we rent our house and continue to use heloc and the brrrr method. Or sell and have more capital available? Thanks
Hey @Noah Hart I'm an out of state investor about to close on our first property in Cincinnati, I'll share any info I can to help
Hey all I live in Castaic and I would definitely attend a meet up.
@James Triano I would definitely be interested in seeing how you set up your spread sheet. Thanks for the input, all great advice Matt
Thanks Daniel Hyman. Just curios if I take money from the business account to pay down heloc will that be considered a draw or income, if so how can I (legally) shelter/minimize my self from this kind of tax obligation. Thanks Matt