All Forum Posts by: Todd Smith

Mr Robnett, 

Is this a FIG specific problem in Idaho or the result of overbuilding in general and/or the current economic environment?

Thanks Todd Smith

Thanks I have already invested.  Its early.

Thanks for info to all Todd

Does anyone know a lender in Wisconsin that will do a 1st lien HELOC on an investment property? Current rates are better than a cashout refi in most cases.

I have been doing research  for 4-plexes. I have come across a company called FIG( Four-plex investment Group) based out of Utah. Seems to have history in  Houston, Texas-Boise, Idaho- and Utah. Seems to streamline thing for newer investor in many ways. 

Thanks 

Thanks Michael, but what about the interest on the HELOC. It would not be tax deductible- correct? -Since funds based on another dwelling

I curious what people think of syndication vs  individual buy and hold. 

 Thinking long-term, syndications are usually 3-9 years at most. This entails  extras fees( everyone needs to be paid) and tax consequences - both at the buy and sale on the roundtrip. I know the benefit of syndications are there passive nature. Does anyone know of syndications that focus on  long-term buy and hold, to limit  fees and taxes, while maximizing long term gains and cashflow? 

Obviously, buy and hold limits the size of the assets, but one has control of the assets as well.  You can also limit the leverage(risk/reward), but at the cost of diversification.

All I here about is how great HELOC is- How about the downsides: 1) variable rate 2) risk your home if used 3) tax deductible only if used on the same dwelling