All Forum Posts by: Raymond J. Rodrigues

@Ricky Reddin, welcome to the forums! There are a few ways you can handle the renovation which all comes to personal preference. You can use your own funds, use a HELOC or do a cash out refinance to cover the costs. How much is your house worth and how much do you owe?

@Kamal Martin. I’m local to Miami. Feel free to reach out.

@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses. Feel free to reach out with any other questions!

@Jose Mejia I assume this property was purchased under an LLC. How long have you owned this property?

@Richa Wardhan sent you a message. 

@Richa Wardhan, I have investors purchasing newer built homes in the Tampa Bay area doing long term rental, at around 375k-400k price point and cash flowing close to $1500 a month. Happy to share some contacts with you if this is something that interests you. 

@Kyle Trotman feel free to reach out. 

@Zach Howard feel free to add me on whatsapp

@Tobi Isaacs Third Federal Savings and Loan. I shopped across 15 different institutions for my personal HELOC and they seemed to have the best terms out there. I am a lender myself, so I know what to look for. -Primary Residence.

@Kyle Schachsieck I’m close by the Tampa area. You have a good rate compared to current rates. Sit tight and wait till rates drop. When they do, feel free to reach out.