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All Forum Posts by: Raymond Murray

Raymond Murray has started 2 posts and replied 5 times.

Post: Repayment of HELOC or HEL

Raymond MurrayPosted
  • Plantsville, CT
  • Posts 5
  • Votes 2

Thanks Ezekiel for the response,thats what I was thinking.

Post: Repayment of HELOC or HEL

Raymond MurrayPosted
  • Plantsville, CT
  • Posts 5
  • Votes 2

Hi BP-So here is my question.I have a HELOC for 100K,I used 95k to buy and rehab a Multifamily which is fully rented now. I got cash in my saving,which I can use to pay back the HELOC immediately or I should just use my savings to get a next investment property and used rental income to pay HELOC.

Thanks for the response in advance.

Post: Newbie from Connecticut

Raymond MurrayPosted
  • Plantsville, CT
  • Posts 5
  • Votes 2

Thank you Philip,will do.

Post: Newbie from Connecticut

Raymond MurrayPosted
  • Plantsville, CT
  • Posts 5
  • Votes 2

Thanks for the welcome Marlon and Melissa, and I will surely contact you

for the help.

Post: Newbie from Connecticut

Raymond MurrayPosted
  • Plantsville, CT
  • Posts 5
  • Votes 2

Hi BP! I'm a newbie to real estate.My name is Raymond living in Southington CT area. I'm a full time employee in Human services for 9 years. I have been thinking about Investing in real estate for a while but was Analysis Paralysis. I have taken the necessary steps to educate myself by reading many books in real estate. My gold is to have at least 1 property under my belt(buy and hold)by the end of the year. I'm willing to learn and grow in real estate just need a mentor to take me under his/her wing or perhaps point me in the right directions with their experience. I'm trying to invest in any CT area that would be a good investment with steady cash flow.

Thanks for the read