All Forum Posts by: Nicholas Jacob

Hi all,

I'm looking to get a HELOC for the first time and am open to anyones suggestions on who to get the LOC through.

Hi Everyone,

When buying rental properties (specifically 2-4 units) What is your target cashflow per door after all expenses including $ taken out for vacancy, cap ex, and maintenance?

Does anyone have any experience with removing "tenants" who moved themselves into a property with no permission from the owner and no lease agreement? What did the process look like and how long did it take? Anything you would do differently? 

I'm considering buying a property like this and there are at least 6 people living there. Definitely not nice people either, I believe they have been there for a while. This is in Arizona-Pima County.

Nick

Question: With rates the way they are are some of you choosing to HELOC as opposed to Cash out Refi? Why are you choosing one over the other?

Why I ask: I'm finishing up a remodel on a house I bought and renovated myself. When I bought in Sept of 2021, I projected my monthly payment to be around $1,000-$1,000 with rates the way they were. Now my payment will be $1,700+ and I'm really not comfortable with that high of payment. I plan on house hacking the spare bedroom but that would only bring in $600-$700 max. I plan on using the equity to buy in cashflow markets but don't know if a HELCO or cash out refi is better. 

Nick

Hi all, first time posting here. 

How do you go about choosing a market to invest in? What stats/pieces of information to you research to determine whether of not you want to invest in a specific city. I'm wanting to buy in a cashflow market. Any tips? Maybe a specific BP episode to listen to? TIA

Nick