All Forum Posts by: Roshan K.

 Thank you Eric, however I'm not trying to buy off another property, I'm using it to help pay off my business loan. Any advice for the lowest interest way I could do that?

What's the lowest interest rate way to pull out equity from an INVESTMENT property if it's completely paid off? Not a owner occupied one

Great! Would you mind telling me what bank gave you that 2.74% HELOC? Or what bank your friend used that gave you a 2.2%?

 Thanks!

I found this one for a condo: 

https://www.floridabar.org/wp-content/uploads/2017/04/multi-family-lease.pdf

@Arlen Chou Can I get a variable rate HELOC and pay it off like a fixed rate one? Or is there usually a prepayment penalty?

 Thanks, this would be prime +1 since it's non-owner occupied. For that, I may as well skip PenFed. Thank you for your info!

 Can you elaborate? How did you get such a low percentage compared to the rest of us?

 I'm getting an unsecured business loan for my office and I'm trying to save money. If I get one loan on my property to help pay off the unsecured business loan with a higher percentage, financially I'm better even though I'm more at risk of losing the property if something happens. Luckily, teeth are always in style and I don't foresee a shortage or change in needing a dentist anytime soon. 

Interesting stuff on the variable rate HELOC, I'll definitely look into that, thanks!

Hello BP,

I have another question for you guys. Does anyone know if the Florida Real Estate Commission has a standard Lease Agreement they publish? For example, in Oklahoma, we have this https://www.ok.gov/OREC/documents/Residential%20Le...

I would be changing it and modifying it, but just want a starting point to work off of. If anyone has one of their own they don't mind sharing, that would be awesome as well! I know you can get one from places like Staples but wanted to ask here first before that. That's a last resort for me.

Thanks in advance!

Roshan