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All Forum Posts by: Brandon Spilove

Brandon Spilove has started 2 posts and replied 5 times.

Ah it's back on Zillow now, the mgt company was updating it today so I guess it got refreshed. 1253 sargeant

Ack you're right it's not on zillow anymore. I will have to figure out what's going on there. It's 1253, you can see it on other sites like realtor and hotpads.

The Pigtown one is a 3/2 on Sargeant St. The listing in syndicated everywhere pretty much, it's on Zillow, hotpads, realtor.com etc. It's been listed for about 3 weeks now and no applicants yet. Is it because it's February or because the price is too high?

I am just starting out and I've been obsessed researching Baltimore for the last 6 months. I was extremely anxious to get going starting my real estate empire that I bid on multiple properties at the same time, and got them all! So now I own 3 properties, one in Pigtown, one in Parkside, and one in Frankford. I don't recommend this strategy by the way, I'm feeling very overwhelmed right now. The Pigtown one is rent-ready and on the market for 1500/mo. The other 2 are in the process of getting repairs/paint/etc and should be on the market within 4 weeks. Looking to rent them for 1200 and 1300. It's February now and my Pigtown rental is not getting much traction yet on the rental sites. What should I expect as far as rental interest goes? Right now it seems dead. Will it pick up in another month or so? I'm hoping the answer is yes, waiting around to see if anyone is interested in my rental is killing me. At what point do I start lowering the price?

Post: Heloc or cash for down payment

Brandon SpilovePosted
  • Posts 5
  • Votes 2

Hi all, I know there are other posts here about using heloc for down payment which are very informative. What I'm wondering is slightly different. I'm looking to buy a property for 150k and put 20% down which is 30k. I have the cash available and I could cover the down payment on my own without the heloc. But should I get the heloc anyway just so I can "use the banks money"? The heloc means I have to pay interest and add a lien on my primary residence so should I just use the cash?