All Forum Posts by: Tom Kelly

Does anyone know of a bank that offers a 1st position HELOC with a checking account?

With interest rates this low, I am looking at renting my primary residence and purchasing a second rental unit. Looking for a financial analysis before jumping in.

Does anyone use a Florida bank that allows you to use your Heloc as a checking account with bill pay?
Thanks in advance!

Mike, thanks..closing is in 29 days.
Wayne, the seller agreed to the directions of the home inspector in calling for a licensed professionals.
The repairs were electrical and plumbing in nature.
Steve, why a title commitment?

Thanks all

Tom

Steve, I cannot get title until I get insurance and I cannot get insurance until I have a 4 point approved inspection report. Sort of stuck..

We were informed that the repairs were done. The home inspector was going to reinspect the repairs. My son was just measuring for window treatments but the home appeared unlived in and the cats were out of control. It is a mess. Thanks for the quick responses!

My son recently went to contract after a home inspection. Yesterday he went to inspect the repairs and they were not completed or were done by an unlicensed professional. Apparently the home is now vacant with the exception of five cats which are defecating wherever they want. Closing is less than 90 days away. He still wants the home but feels that the value has changed. Any suggestions? Thanks..

Tom,

Please feel free to get in touch with me..Tom

No my name is part of the LLC. The only benefit that I can see using the existing name is that at the time, only I had provided proof of funds documentation. My concern as you can imaging is if they are using that document as justification for purchases.

You guys are great. And the collective experience and advice is amazing. Thanks again.

Tom

My name is the LLC. Have a meeting scheduled with my attorney.
Just thought it was odd to not change the name or the registration.

Thanks - Tom