All Forum Posts by: Suzette T.

I think I made a mistake paying off my mortgage.Now I needed money for down payment for the two rental properties that i am planning to buy. What do you guy think of HELOC for down payment? It seems the rates are still very low.

@Sam Erickson   I made the decision to personally never sell another house once I saw how the rental world worked.   I found my niche.  

Let's assume for second that your claims are correct. That still gives me zero reasons to liquidate my assets. My properties cash flow heavily and are minimally leveraged. Now is the time to assess the health of each individual asset and consider selling any low hanging fruit, but I do that several times a year anyways. What the market and unemployment conditions are telling me is to stockpile cash feverishly in case opportunities arise. I am not however naïve enough to believe that good properties will be on fire sale. It's more of the same, those poorly managed properties come up for sale with value add opportunities. Unlike 2008, there are thousands of people waiting to purchase. It won't be what you want it to be. 

@Praveen Balaji - Case Study- "I’d rather stick $3000 of granite and stainless in an apartment than be 4 months vacant."

@Praveen Balaji

I’ve had much success with the agreeable gray. People seem to love it. You can thank Joanna Gaines. The last two properties I’ve done look eerily similar, and I’m beginning to feel like a one trick design pony, but it really seems to make the folks happy. I say rock it till the wheels fall off. In a decade or so, grey will look like beige does now and we’ll be on to a new agreeable shade.