All Forum Posts by: Randall Cornelison

Hey all!  I need a lender in the Dallas area to set up a line of credit against the equity in my primary residence.  Any thoughts?  Thanks!!

I had a felon rent a house from me and he was wonderful.  In your situation, I agree with the thoughts above, too many red flags, and one fairly recent.  Be patient, you'll find a good renter.

Wow, thank you all so much!  I've learned a great deal!  Blessings!!

Thank you all so much!  I'm leanin' and learnin'!  

Thank you, Ron.  Yes, I want quantity. 

Interesting, thank you!

Hello all!  I buy SFRs to rent out.  All mine are currently on 15 year notes, and while I understand the fiscal benefits of paying off loans more quickly via a ten or fifteen year mortgage, I struggle with my desire for monthly cash flow.  Has anyone else dealt with this conflict?  On one hand, pay the notes off faster, less interest and woohoo on the day a house note is paid off.  On the other hand, renters are paying the notes so who cares, and a 30 year note would mean lower montly payments, thus a higher monthly cash flow, more houses bought more quickly.  What have y'all done with your notes?

Welcome welcome!  I buy in the OKC, Del City and MWC areas.  It's been good so far!  Let me know if you need anything.

Congrats!  Get it rented and start looking or saving for number two!