All Forum Posts by: Brooke Noth

100% @Jaime Sepulveda. His team is amazing! They are professional and fantastic to work with. 

@Sterling Williams -  Thank you! I appreciate the kind words. 

@Alex Kamunyo - I'd love to talk to you and answer any questions you may have. Let me know how I can help! 

Hey Gabriel, I have a contact at BB&T that can offer a line of credit for businesses. Let me know if you need their contact information. You could always purchase the property in your personal name and transfer the deed over to your LLC for the asset protection.

Hey Marie, Welcome to the forum! You'll love the podcasts and the books for additional information. Let me know if you have any lending questions that I can help you with. 

Hey James,

Welcome! Have you thought about Texas for out of state investing? As a lender, I see many of my California investors buying in Texas for buy and holds. The prices are amazing compared to what you find in California. I, personally, invest in San Antonio (out of town for me) and work with an amazing team. Let me know if that's something you are interested in and I'll be happy to connect you.

If you have any questions I can help answer, feel free to reach out to me. I love helping other investors.

-Brooke

Hi Hayden,

Welcome to the BP forum! Congrats on your success! I'd love to hear more about your goals and see what you are doing here in Austin.  We invest in San Antonio for buy and holds, but I'm always looking for projects to invest in. 

-Brooke

David, 

I agree with Jaime. You have a few options. You could refinance to get rid of MI and lower your payment. That should improve your numbers quite a bit. What's your appreciation rate per year for your property? That should also be included in your numbers for long term hold. You could also HELOC to tap into the equity in the future.

Hope this helps! Let me know if you have any other questions. 

-Brooke

Hi Andrew- First off, thank you for your service! 

It sounds like you definitely have some options. I prefer to use cash for flips and conventional financing for buy and holds. The nice part with conventional financing is that it allows you to purchase more with your cash. Your situation really depends on your long term goals. You will find cash out refi rates to be higher for investment properties, so it may make more financial sense to get a mortgage in the beginning, if you are going to hold a mortgage on the property after the updates. 

The 1-2 multifamily home vs SFR home question really depends on the area. Some areas do better with SFR's, but I'm seeing that you typically get more CF with multifamily homes.

Hey Austin,

Do you own your own residence? If so, could get a HELOC on your primary residence?

Hey Braden,

Welcome to BP! My husband and I are investors in Texas and can definitely relate to your situation. My husband is in the healthcare field and his goal is to go to full time investing in the future. He's been FT/PT/PRN, so with that comes some creative financing. I'd be happy to share our experiences with you, if you need some guidance to financing your RE goals. That can be a challenge if you don't know your options. Let us know if we can help!

Brooke