All Forum Posts by: Trevor Aydelott

Hello @Grayson Wester thanks for the input of the facebook group, I just joined two. Also I checked out your website and I will save if I ever need it. 

Welcome @Nathaniel Ignatovskiy I'm looking up property managers as well. I found a pretty good property manager, so I will definitely be exploring this area. 

Hello @Keith W. I do it all. Realtor and Investor

Buy and hold and fix and flipper. 

@Paul Ellington

The reason why I'm doing a cash out refinance ( BRRRR) on my investment property in Colorado. Because there are deals everywhere and I'm sure more will come up.

I have been building a lender file for some time now, for my investing needs. I my search, I have found that these lenders do investment property HELOCs.

Trustco

US Bank

TD Bank

PenFed

Union Bank, specializes in noo HELOC

Arvest Bank

Got the information for you. Just give them a call and figure it out. Look at interest rate and terms. It should not cost you money to do it. You got this. 

@Paul Ellington

There are banks that do HELOCS on investment properties. It is really late where I'm at and I don't have information in front of me. But I do know personally there are banks and have talked to them. 

Start by calling quicken mortgage. And look up TD Bank. But just type in HELOCs investment properties in google and start calling. 

And don't listen to people that just say thing like hey they probably stopped without knowing any information. Actually banks are lending and are considered essential, just like realtors. So don't take a NO for an answer. 

@Joe Villeneuve

So renting is a better option. Last time I checked I made money on all my properties I personally have lived in and tax free if I live in it 2 out of the 5 years and sell it. So yeah I say it is an asset. 

@Marcus Koonce

As you can see people are against paying money for the classes you are taking. And another reason why is because you still got some learning to do and still need a property to buy yourself. So like the others have stated please stop spending wasteful money. Because that money can be a down payment on a property. 

Definitely not being mean or anything, just don't want you to waste money you can utilize today. Or use your money to partner up with someone in a fix and flip or buy and hold. You can learn that way and make money. 

@William Eric Schaefer

Honestly you need to look at how much it will cost you. 

Like if the hard money lender charges a 1% origination fee and 9% APR

and the construction loan costs more, then the hard money is a better option. 

So just weigh your options with the cost to you. 

@Joe Carter

Hey a lot of people are  not as transparent as you, so good job on that. 

And yeah it sucks you blew out like that. But hey it happens, not what can be done about it. 

And whichita, KS looks like a nice place to invest. You ever come across a great property manager out there, I sure can utilize them.