All Forum Posts by: Rigo V.

@Nicholas Covington any good contacts? 

@Michael Ablan good questions. The HML interest isn't terrible at 10%. The rental income covers the payment and still provides cash flow after reserves.

The capital that is tied up is from my heloc so my cash is what I am thinking of using to get another deal. If I get my heloc cash back out I prob would still only do the one deal so I am leaning towards waiting the seasoning period out. 

I have a property I was hoping to BRRR. I purchased and rehabbed with a HML and I am currently looking to refinance. I have a lender who is not concerned about seasoning offering me 6.5% interest on a 30 yr fixed. I have a bank that wants to see 6 months seasoning but offering 4.5% interest.

My question is  do you sacrifice cashflow to be able to get your initial investment back quicker and invest again or do you wait the six months and maximize the cashflow? 

rental hero is awesome. $119 for the year and its really easy to use. 

Just purchased rental hero subscription and its fantastic. Their customer service is top notch!

rental hero is great

@Tchaka Owen property would cash flow as a rental. There's 2 units that are 2 bed 1 bath, those can rent for about $1800 each. The others are 1 bed 1 bath and can rent for about $1600.

Its a solid deal just not sure how I can whole sale it to be honest.

There is a property listed on the MLS that is a lake front four unit. Its very dilapidated. Listed for 249K, spoke to the owner and he is willing to take 210K. The property needs a massive rehab of 250K. The property will appraise for 600-50K. Huge equity spread.

I am currently rehabbing another property so my funds are tied up. I was wondering how I can make money on this deal? Can I wholesale it? 

@Eric Chappell this software does seem pretty cool. I just started using it based on this thread. Wondering how you are handling reserves? 

@Joe Splitrock makes sense! Thanks