All Forum Posts by: Lane Kawaoka

Its harder to meet the typical "rules" here or the west coast for that matter. Home prices are just too high in proportion to the rents. Although its not prudent investing on the west coast does offer more upside in appreciation, but that gambling.

Maybe just sell it FSBO on Craigslist.

Get a 100% LTV HELOC on your primary residence for 5.25 variable rate.

You don't seem to have much equity in your rentals to be able to do a non-owner occupied HELOC for 70% max at 3.25%.

I don't think the blankets work assuming that your interest rates are pretty low... they will most likely make you consolidate to 6-7%.

3.25 is their base rate for 80% ltv but this is for 100%

I am starting to see 100% ltv popping up My cu is quoting 5.25% for varible and 5.75 for fixed rate. Not a teaser rate.

Has anyone seen better rates? This is a great alternative to a cash out refi to come up with a down payment.

@Brie Schmidt

Do you mind sending me a sample of what you shot out there to Linkin/emails? [email protected]

@Wendell De Guzman

What interest rate and payment do you pay for that 5M loan. I am a novice and I just want to evaluate those 2 factors.

@David Frol

Do you know of any other competitors to "truewholesalehouses.com"? Have you done business with them? Thanks, I am typically skeptic about these companies and their website seems a little too well put together.

Seems like a good use of self directed IRA or solo401k. Id really like to know if anyone else has used this? Any red flags?

In addition to the 9% you get a 50/50 equity split when it sells in a few years.

http://www.truewholesalehouses.com/media.php

@Wendell De Guzman

@Jon Holdman

I looking to make the jump to commercial properties 4+ from SFH (traditional mortgage financing) and doing the same thing of walking into banks. What are typical lending amounts and rate (20% down, 2MM max, 7% best rate???).

If one of these terms is to much I might as well stick to typical 30 year 5% loans.