All Forum Posts by: Brad Semenoff

I know the prevailing advice is to bank locally, but I've looked at the rates that Chase bank has for their HELOC and they seem to have better terms than what the local banks have posted. I particularly like the fact that the posted max APR is only 7.14% compared with a max of 18% with local banks. Does anyone have any experience using Chase for their HELOC? Am I missing something? My primary mortgage is with them and I haven't had any problems.

Hi @Ania Boyd and welcome to BP. In addition to the links that Marlon suggested, I’d also recommend going to Meetup.com and looking in the “Career and Business” category. 

That does help, thank you!. 

 Thanks!

@Jay Hinrichs If you could in any way sell to IKEA and encourage them to put a store in that area I would really appreciate it. ;)@Jay Hinrichs

My mom has a plot of land in Rio Rancho NM that she inherited and she’s held on to it for years hoping that something like that would happen. I have to tell her your story and see if she still has that land. You never know. 

Thanks for those articles @Ali Boone! I especially liked “How Do Real Estate Markets Differ and Which Should I Buy In” for breaking down the criteria (Cash Flow, Purchase Price, Appreciation, Property Age, Industry, and Neighborhood). 

You mentioned in one of the articles to ask experienced investors what markets are great for cash flow, but are there specific metrics that you look at to confirm their advice? Zillow has what looks like some pretty good market analyses for housing and rentals for different markets which would answer the purchase price, cash flow, and appreciation questions, but what about industry and making sure that there is economic growth? I’m sure that I could find the info needed on city-data.com, but my head spins every time I go there. 

BTW I’ve really been learning a lot from your articles on Turnkey investing, so thanks again! I’ve been considering going that route as a means to get started. 

Good point.

Hey @Account Closed, I just wanted to say thank you again for those resources that you suggested. I’ve listened (or re-listened) to all of the podcast episodes that you suggested and it’s given me a lot of food for thought, especially from a tax perspective. 

I also really liked Episode 19 of the Bigger Pockets Money podcast with Chad Carson who has a great perspective on using REI as a tool to get to early retirement and then stopping once you get there to take stock and see if that's enough.

Great advice @Joey Hurlocker! Right now I’m looking in the Phoenix area based on some of the advice from@Derek Janssen and it looks promising. I’m definitely not ruling out other markets though. I’ll check out BP for the Phoenix market. Thanks again! 

Thanks, @Johnson Michael. I’ll check them out.