All Forum Posts by: Sorin Ciobanu

America first credit union they do heloc on rental property

Hello! I got 4 sf homes in the last 12 month in Las Vegas i put down around 230k but i use 86k from credit card with no interes for 12 month and 3% trasaction fee.... right now i pay like 450$ in interest for i was thinking to cash out refinance 3 houses and get like 60-70k its a good ideea ??? Every refinance it will cost3-5k and the payment on the 3 loan it will go up like 800-900$ per month and will reduce mycash flow on my 5 rental to 2200$ a month.It will be better to keep paying ghe credit card and pay them off in 3-4 years or to refinance ??? Thank you the intrest on the new refinance it will be around 5.8 %

@Dean H. thank you

@Jeffrey Holst thank you

@Caleb Heimsoth sorry for that

No i didn't buy any

Thank you Jeffrey Holst

HELLO,I GOT 5 HOUSES WITH A LOAN OF 980K ALMOST A MILLION DOLLAR BALANCE WITH 4.5 TO 5.5% RATE ,THEY ARE APPRAISE AT 1,4 MILLION ....MORTGAGE PAYMENT LIKE 4800$ A MONTH ALL 5 ....RENT INCOME 6000$ A MONTH ...IT WILL BE A GOOD IDEA TO BORROW 1 MILLION DOLLAR IF I FIND AT 3% WHICH I DON'T BELIEVE ?THANK YOU

  Just some numbers.........update ,,,the houses they sell for 260k each .....profit 27k each time 15 so 405k profit 5 months later ,,,,,,,

..if you get to rent to section 8 for1700$ a month .....and we work on the price....