All Forum Posts by: Roger Mbah

Hello All,
I'm looking for a wholesaler in Springfield, IL. Would appreciate if I can get notified for off market deals in Springfield, IL

Thank you,

Thank you all for your responses. I have kick-started the process to obtain a Heloc from my bank. Will definitely leverage that for my next rehab project with the goal of refinancing and pulling out once done.

Best,

Roger Mbah

Hello, 
I'm new to the platform and have a newbie question. So I've been in my primary home for 2.5years. When I bought it, interest rates were really good so I ended with an interest rate of 2.83%. I also did some rehab by adding an ADU to the basement. I also spruced up the first and second floor to suite my taste. Recently, I installed solar panels on roof. So as you can imagine the property has accrued a decent amount of equity. So now that I turned on my real estate investment switch, I'm thinking, should I refi, pull out part of the equity and use that as down payment for my next property? The main concern here, is I'll be jumping from 2.83% interest rate to over 7% interest rate.