All Forum Posts by: Agustin Conti

I have 2 investment properties that are doing really well and give me some cash flow (on top of paying both mortgages). Before thinking of going for the 3rd one, which would be great if it goes as well as these two, I need to fix my own house (personal) . Long overdue little things and not so little things. I am exploring the possibility of not only fixing things but doing a renovation to bring an old half bath into a fully functional bath, renovate the entrance and foyer among other things and possibly even an addition to the house. Somewhere around $100k to $150k ballpark expense. Besides making our house prettier and more comfortable, something we can enjoy while we are here after the renovation, all these things will certainly add a lot of value to the house. We estimate 3 to 4 times the amount of the loan by the time we plan to sell the house in about 5 to 6 years. I still owe about $238k on the house (I am paying around $2k per month including escrow) and the bank says it appraise for $850-900k so plenty of equity to borrow. After doing a quick search..I get numbers around 9 to 10% interest for these HELOC loans that I found insane. Any ideas or recommendations as to where to go for financing this kind of project.

Regards,

Agustin

HI Caitlin, (and everyone else) I apologize for not getting back at you guys. 
I am off the market right now, specially for STR. I will be able to start looking for a new rental property towards the end of 2024.

Thanks so much for reaching out.

Wishing you all the best, peace.

Agustin

thanks Michael, I will rich out in time.

A

Hi, I am looking to work with a Real State Agent in or around Blue

Ridge, GA. I am ready to make an offer for a long term rental (or Short)

property. I am from South Florida but I know the area well and would

like to invest there. Thanks!
Please, PM me your info
Regards,
Agustin

Hi, I am looking to work with a Real State Agent in or around Blue Ridge, GA. I am ready to make an offer for a long term rental (or Short) property. I am from South Florida but I know the area well and would like to invest there. Thanks!
Please, PM me your info
Regards,
Agustin

@Nick Belsky

Thanks, but what is YSP and can you explain this: "I priced out a DSCR deal with a 1.12 DSCR at 80LTV yesterday at 7.6% at par"

Also, were can I find these type of brokers and deals?

Ricardo and Ray, thanks so much for your invaluable insight. I never said that month to month is more work, only less "peace of mind or thinking". I discarded the consideration of a multi year lease for the many reasons stated above by you guys and many others, however I have decided to do a 1 year lease for many reasons. PM's do this day in day out? I don't know what you mean, but I don't do this for a living. thanks for the post