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All Forum Posts by: Omar Johnson

Omar Johnson has started 1 posts and replied 12 times.

Post: Multifamily Meetup Charlotte MSA

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

Hello All. I am new to REI and very interested in both SFH and MFH. I'd really enjoy attending when the details get ironed out.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Seth Greenfield thanks a lot for sharing your experience. I'm definitely gaining clarity from this post and the responses. I've continued to research and it seems like the HELOC would be a much better option for this situation.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Justin Kane

Justin thanks for the great advice. We are definitely weighing all our options.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Tom Obrien

Tom thanks a lot for you input.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Kyle Jensen thank you for your input.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Liviu Marin thank you very much.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Noel Felix III thank you very much for your feed back. This is a very valid question and one that we will have to answer. We are committed to embarking on this venture. We have to figure out our starting point.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@PJ McLaughlin awesome advice and very valid points. Thank you so much for the feed back. That is something we thought about and like you, our home is a special place for us.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@Doug Wright thanks so much! I didn’t think about that, and it helps a lot. We’ve got a rate south of 3.5 currently so I am sure that the refi would increase the rate.

Post: Equity in primary residence for first rental

Omar JohnsonPosted
  • Rental Property Investor
  • New York, NY
  • Posts 12
  • Votes 3

@George Blower thank you! My wife and I are excited for our future. From what I’ve been reading on BP, this is the place to be.