All Forum Posts by: Sarah Grise

So Value City is stating your husband owes $1,500 in damages? I mean they're going to obviously need proof if they plan on taking that anywhere (ie: court). It sounds pretty black and white from your post. Can you elaborate on the first paper he signed with them?

"The first contractor he signed a paper stating that he was responsible. For the second contractor he did not sign that paper"

Pittsburgh, PA

Hi there! I am not fully understanding the Sub2 realm, but my husband and I used a HELOC to purchase 2 of our rentals. When using a HELOC, it's as though you're paying with "cash", so although we had a HELOC (this was liened against the home we live in mind you) we paid for 2 properties with "cash". I'm not sure if this helps at all. Are you financing a portion of a property (hence why there's a lender involved) and paying with the HELOC/"cash" for the other?

Hiya Gloriana and welcome to the circus :p

I live in the U.S., and although I am leaps and bounds behind where you're at, it's so nice to see someone doing so well in this field! My husband and I live in Pennsylvania and own 3 properties which we bought dirt cheap, fixed up (ourselves) and are renting them out. Would love to see myself in your shoes in 10 yrs from now! Sorry I cannot give any advice to you personally, but I assure you others on here can and WILL! Best of luck to you!

~ Sarah ~

Thank you all so much for the wonderful ideas! And yes @Doug Pretorius, we are open to any and every type of financing at this point in order to get to our goal. Are you referring to "for sale by owner" type deals?

I would LOVE to hear about how you've all come about obtaining the financing needed to reach, or attempt to reach your real estate goals. 

My husband and I currently own 3 properties, all of which were purchased within 2 1/2 years of each other, but....we seem to be at the end of the rope. One home equity line and installment loan later....doesn't seem like we've got anywhere else to go. We're making hefty payments on these loans (especially the LOC since it's revolving) and are staying on top of the interest charges and paying everything down ahead of schedule, and as of now these properties are keeping us very financially comfortable, buuuut...we want more. We *need* more to reach our financial goals.

How is everyone else approaching their investment property ordeals? I absolutely hate the though of selling what we have.

Good for you!!! I can only dream of the day my husband and I are at that point. We have 3 rentals thus far which will allow me to not have to work full time once our baby comes but man....to have the financial freedom and comfort that this business can provide....so happy for you, and best of luck!

@Mike H - The LOC was used to fully purchase both of our rental properties, the only mortgage we have is for the home we live in.

We are greatly benefitting from the rent and are not ready to let go of that just yet. We are 29 yrs old and have had both properties for a year or less. We would prefer to hang on to them for a little while longer.  

Thanks for the detailed response, Joe. We most definitely do not want to sell the properties. We put a lot of blood sweat and tears into them and want to enjoy the consistent rent we're currently receiving on them.  

Property #1's value = $40k

Property #2's value = $35k

We bought them for much less. Our total LOC amount is $55k, which we used in full, but currently we owe $53k on the LOC.