All Forum Posts by: Arden Hillstrom

Joe, if you have any additional questions feel free to ask.

https://www.tableau.com

This one is a good source. You can also google the zip code and real estate index. I use data mining with my personal investments and for my clients. It gives me insight as to which properties I can safely buy and hold.

Hi, Care Anne

I use data mining resources for real estate. This will give you an idea by zip code how a neighborhood measures up. This tool will enable you to make an informed decision if a property is a good match for you.

Nero, I want to say definitely get educated. Yes, there are zip code and property value restrictions in some states. The lender you decide to use should be able to give you the details on your specific zip code, state, and specific scenario. My word of advice would be to only refinance in your business entity. Non-recourse and Recourse options are available. 

Yes, It would free up funding. Typically you need 5 houses, or over 1 million in value to truly make a nice portfolio, however, you can use the two houses and purchase three. It's simply up to you. There are many investors that collateralize this allows them stronger buying power.  

Hi Nero,

You can get a loan or a line of credit against the other two houses. Competitive rates and low payments. Take cash out and buy more properties.

I honestly don't know how a wholesaler would profit from this deal. There is no equity. This would now make you a landlord. In my opinion, you would be doing her a personal favor.