All Forum Posts by: Brandon Combs

@Nathan Gesner

I hear that Nathan. Would you say it’s “ok” to get a home equity loan just the amount to pay off my debt so that’ll lower my monthly payments by like 80% and I could use the remaining to really start saving and investing?

The amount of debt compared to how much equity I have in my current home is a huge difference in the favor of my equity so I don’t think I have to worry to much about the market going down effecting my equity/personal home.

But again just trying to see what the overall best most efficient way to get into investing. I have really locked down my personal finances and budgets to start digging myself out.

Greatly appreciate the input!

@Tyler Gibson

Thanks for reaching out. Would like to get involved. Where and when is this meet up?

@Michael Baum

That's good to hear. Orlando fl, been looking for STR right near Disney.

@Michael Baum

Current home is roughly I have roughly 200+k in equity in my home at the moment. 30k in debt I’m tryin fro pay off.

Have had quotes on home equity loans and also with full helocs to help pay off debt and then the remaining to use as down payments on rental property.

Looking for a little guidance on my 1st purchase in Orlando fl. Looking for a STR but have some hurdles to get over first. Best way to get rid of some personal debt and use my current home equity for new purchase. Best route on this

I am looking to purchase my 1st rental property using my current homes equity. A HELOC or home equity line. Should I use my same mortgage company I have or should I shop around? Better rates is the end game I assume?

I am currently living in Orlando and am looking to get a property on the space coast of Florida. Looking for an agent that is familiar with the space coast and know what rents well out here. I’m looking for long term or short term rentals, condos or houses. Whatever the numbers show good.

Brand new to real estate investing. I own a home and have good equity in it so I'm thinking of getting a HELOC from my home to help buy my first short term rental property. I don't have much cash to my name so would this be the best way to get started on my journey?

Also would it be smart to get the HELOC and use a small portion of it to help pay off some of my credit card debt?

What’s up people.

I am looking into buying a cabin in or around Blue Ridge GA. I don’t know the area other than visiting for family vacation. Beautiful area! I just would like some help and guidance for great cabin rental potential around this area.

Would like to connect and help each other out in this venture!

Looking forward to it!

So I’m refinancing my personal home and have 100k in equity and I am going to do a cash out with the equity. My plan is to use this money to renovate my house a little to rent it out and buy another property with it.

Should I take as much of the equity out of that 100k? Or should I only take a percentage of it? What are the pros and cons of both?