All Forum Posts by: Andrew Campbell

@Justin R.  I feel your pain.  It seems like everyone I've talked to faces this problem, and just has to decide how they want to proceed.  In Texas right now, I'm focused on getting more doors, and just trying to figure out how access the equity I've got to fund more acquisitions.  I hate the idea of giving up these great 30-year fixed loans, but in order to access the cash am considering doing it. How do you keep finding cash to get your conventional loans?  And what's your plan once you reach the 10-loan cap? 

 @Upen Patel, can you tell me more how the process you explain would work? I'd roll all the loans into one loan and take the cash out, then 6-months down the line I could refinance the larger total loan amount into a more fixed-rate product? That sounds like a good option to explore as well. Any idea on the typical terms of those options?

@Jonathan Towell, thanks for the advice.  I've been meeting with local banks, but will start to ask about the cross collateralize option. 

I'm looking for advice/ideas on the best way to access the Equity we have built up in our portfolio.  

We have 5 small multi-family properties, all financed with traditional 30-year fixed rate loans locked in sub 4.75%.  To continue to grow our business, we need to pull out the equity that has built up.  

Our preference is to keep the existing loans and the great terms we've established--if at all possible.  Does anyone have any ideas on how we can best do this, without converting these all into a single portfolio loan. 

Thanks for the help BP!

Brandon, 

Congrats on your success.  I'm in a similar boat as we've bought 14 units over the past and I'm managing them myself while working full time at a pretty demanding job. 

I feel like I'm at my limit from a management perspective--but you think you could handle 100?  Would you mind sharing your management strategy and how much time you are spending there?  We are mostly in Class C properties and I don't feel like our tenants are overly needy, but there is no way I could entertain 100 units, much less 25.  

Thanks for your insight. 

-andrew

Hello Bigger Pockets!

I joined BP a couple months back and have loved all the information I've seen to date.  The forums have been great and I've been listening to the Podcast library nonstop. 

My wife and I jumped in to the REI game last year and have purchased three 4-plexes and a duplex to date--all in South Austin. We are managing our own properties and figuring it out as we go, which has been a big adventure and learning curve. I'm looking forward to connecting with folks on the board and learning how to grow our business and better operationalize things to ease that growth.

Hope to talk with many of you soon. 

-andrew campbell