Jonas Harper
Running into issues with funding the expansion of my STR business
19 February 2022 | 13 replies
It's essentially the same thing as a HELOC, but uses the assets in your brokerage account as collateral instead of a home.Some points to note:These types of loans are only available in managed brokerage accounts, so if your stocks/bonds/ETFs are in an eTrade account (or whatever), you'd need to move them first.These accounts typically require something like a $100k to $125k minimum asset value to approve a loan, so if you've got less than that it wont work.Most managed accounts cost a 1% annual management fee, so think of that as an extra 1% on top of the interest rate.These accounts typically let you borrow up to 75% of your equity, but due to market fluctuations, you should consider imposing your own, smaller limit.Interest rates are comparable to a HELOC, plus that extra 1% management fee, and like a HELOC, it's a revolving line of credit vs a fixed, monthly payment.
Payton Pearson
Finding Business Partners Who Are Serious
16 October 2019 | 30 replies
Hi Payton,If [IF] they have the available money and they are not interested, it might be either the deal seems too risky for them, or they do not understand it completely, or they do not trust you enough to make happen what you say you will make happen.If every girl you asked to the dance would go with you--you'd be James Bond.
Susan Howard
Agency lending opening up a bit for investors
21 May 2020 | 1 reply
Yes, the issue you are running in to is due to the Feds allowing the forbearance with the borrowers, thereby putting the servicers in a position to have to pay the bond holders even though the borrowers aren't paying.
Jonathan Rabot
Unable to Lock Loan Rate
5 October 2022 | 6 replies
We had a huge shift up in the bond market today so hopefully you can take advantage of that and lock today although I still don't see anything close to 6% on the 30 year unless you are coming in with a large down payment and/or paying points.
Kayla V.
How do I vet a syndication as an investor?
5 June 2020 | 31 replies
As easy as this sounds, it's not simple and usually like pulling teeth.
Michelle G.
Need financial advise on retirement savings
22 March 2019 | 6 replies
I like 1/3 real estate, 1/3 common stocks, and 1/3 bonds as an asset allocation strategy but it will definitely vary by how much of a risk taker you and your husband are!
Shandra S.
Water shutoff for repairs
27 January 2020 | 1 reply
I will provide port-a-potties and distribute 5-gallon water jugs to all the tenants to use for teeth brushing, washing, etc.
Account Closed
How the heck do you guys get all this money for multiple houses?!
6 May 2016 | 37 replies
You'll be hard pressed in my opinion to find someone that will let you cut your teeth on their money.
Maria Vazquez
Advice on how to evaluate a fourplex
29 January 2017 | 10 replies
The agent will try to get the expenses and whatever info he can get but I have the feeling that it's a little too risky for me at this time, specially that tat it would require more money to update and the rents are signed till the end of next year. ( Am I bonded to those contracts that the seller did??)
Virginia Jones
Ungrounded Outlets in Rental House
10 February 2017 | 7 replies
Definitely, have a licensed and bonded electrician do the call and the repair.