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All Forum Posts by: Ash Hegde

Ash Hegde has started 0 posts and replied 466 times.

Post: Building a Great TEAM to Purchase Apartments

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350

This forum is certainly a good place to start. There are many qualified folks on here that could be an asset to your team. If you know other investors in the area, word of mouth/recommendations can be helpful as well. Being specific with what you are looking to invest in is important too so you can ask the right questions and know if they are a good fit.  

Post: HELOC from 1st ever rental to do 2nd rental

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350
Quote from @Aaron Beal:

Do all HELOC's have a variable interest rate?


 Some have a feature that allow you to fix a portion of the line for a certain term, usually at their current equity loan rates. As you pay down principal on the fixed portion your available credit line grows again. 

Post: Is now a good time to become a real estate agent?

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350

Sometimes a slower market can be a good time to get in, as many agents who are not committed end up leaving which can provide opportunities for you. 

Post: two houses, one long term rental one is my personal

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350

If your personal DTI does not allow you to purchase more property you can go with an investment DSCR loan. This type of loan will ignore your personal DTI and use the rental income vs debt payments on the investment property. They generally won't have the very low down payment options like an FHA loan would, but they can keep your momentum going.

Post: I've never bought RE

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350
Quote from @Keith Blakeney:

The re-fi part of brrr is to pull money out so that i can make another purchase?

Thinking of brrr/ house hack on muli fam. Want the ability to roll out after 2yrs to look for another prop but will need capital again for down payment, is that the repeat part? 

looking for clarity on the money/ loans aspect.

That's correct, you use your cash to buy and rehab the property, rent it out, then the refinance gets your cash back out so you can repeat and get another property. 

Post: Boca Raton meet up or tips on real estate license

Ash HegdePosted
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
  • Posts 470
  • Votes 350

I took an online one called Aceable earlier this year and liked it. I've heard nothing but good things about Gold Coast as well.