All Forum Posts by: Nicholas Dillon

Hi guys,

Some literature I have read indicates that sometimes you can open up a HELOC for free. However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.

My question is, what fees should I expect to pay when opening up my first HELOC. Thanks for the info!

Hey guys, 

I understand that a lot of time is spent talking about how to leverage your current real estate holdings to obtain new ones.  It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.  There are a bunch of different figures associated with this decision, such as new interest rate, old interest rate, cash flow of new property etc, but I'm having a hard time getting my mind around how to analyze the decision mathematically.  Any help with this would be greatly appreciated.  Thanks!

I had a loan officer suggest to do this. I was curious if this is a good idea. It seems like a good idea, but I feel like I am missing something here. I would love to hear other's opinions on this. Thanks so much for the help BP!

I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%. Is this true? Has anyone ever had success doing this? Thanks for the help. 

Hello All,

I have around $200k in equity in my primary home. I own 2 other rental properties. I have a pretty large emergency fund in place for those properties, but I wonder if that capital could be better employed elsewhere (potentially acquire another property). At one point I talked to my financially advisor and he said that it would be smart for me to open a HELOC on the property, but not draw from it, except in the case of emergencies. What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital. Does this make sense? Thanks all of you guys for the assistance. Great community to bounce ideas off of as I build my knowledge base.

I am curious of something. If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange? Thanks for the information.

Hey guys,

I have read a number of articles and books about the BRRRR method. It is "marketed" as a way to scale up quickly, but I had a question regarding the method.

It seems, obviously, that the method is strongly focused on the refinancing of the property post rehab. However, given the way interest rates have gone, I wonder if it is still viable to do the BRRRR in 2025 on homes purchased in 2020, or 2022, given that you are probably giving up favorable interest rates when you do your refinance for current rates.

Is the BRRRR more feasible when your refinance occurs at a similar interest rate as the rate at which you purchased the property?

Is the BRRRR method still achievable in 2025? I guess it's all dependent on how much equity you can provide to a house during the rehab portion of the BRRRR method.

Fairly New Real Estate investor with a 3 home portfolio.  Trying to decide what my options are for 2025.  Thanks for the conversation.

Hey guys,

I own 2 LTR properties, plus my primary home that I rent out half of the year while I live in Indonesia with my wife, who is Indonesian.  For 2025, I am looking at buying another property.  However, I constantly see syndications advertising very attractive return.  I wonder about them.  Admittedly, they seem a bit sketchy,

My question would be, for a person such as my self, how does one go about vetting these syndicates?  Any advice would be greatly appreciated.  Thanks so much. 

Hi guys,

I am a relatively new RE investor.  I own 2 rental properties and am looking to purchase a 3rd in 2025.  I am starting to look at funding my next deal.  I've done pretty well as a relatively novice investor in the stock market, just investing in S&P 500 tracking index funds. Obviously, 2024 was a strong year for the stock market. 

I wondering about cashing in a small percentage of my stock portfolio to fund my next RE deal.  I'm curious what your thoughts will be on this.  Is this a decent idea?  what factors should I be looking at when making this decision.  I appreciate your input as I brainstorm how to fund my next RE investment.  Thanks 

I am in the process of analyzing my next purchase and I was curious what resources people use to gauge how much they could rent a property for.  Is there a place where I can type in the address of the properties I am considering, and it will spit out an estimated monthly rent?  Thanks