All Forum Posts by: Todd Leicht

Many thanks to all who replied to this post. I'm more confident in my decision than ever.

@Andy Mirza thanks for the reply. I adjusted my search keywords and found the threads. Most were circa 2016. Was hoping to get some recent perspectives as well. Happy Investing!

Do any BP members have experience investing in one of PPR Notes current or past Note Fund offerings? Trying to wrap up my due dilligence before investing in their current fund offering. Please share your experiences good or bad. Have they consistently been able to pay the preferred returns? have they been responsive in communications, etc. Thank you.

@Cory S. Looks like you’ve had a pretty successful run. How are you sourcing your deals? MLS, wholesale, or working with REA or PM’s in the local markets? Thx!

@Brian Mcmenamin thanks for the feedback. We just took out a HELOC on the primary residence, and yes paying off the rental 2nd is an option. Just need to find a lender that will then do HELOC on the rental.

@Dr. Axel Meierhoefer thanks for the recommendation.

Anyone know of a lender that offers lines of credit on investment properties? My situation: I have one rental that was my personal residence before getting married and moving into my wife’s house. Consequently, the rental has a very low interest 1st mortgage at 3.75% and a 2nd at 7.5%. I’d like to keep the low interest 1st and just take out a HELOC to pay off the 2nd and have access to the equity on the rental to purchase more investment properties. Most lenders only offer a cash out refi which would require me to pay off both notes, wiping out my low interest 1st and resulting in a higher net interest rate.