All Forum Posts by: Carlos Alvarado

I work at Lowes, so i was going to try to take care of you. I work at the Pro Service Desk. But thanks again for your advice

wow! Great advice. Thank you Jason. Hey where do u buy ur materials for ur properties. Give me a call when ur available. 214-431-8546 Carlos

Thanks Shawn. Great strategy!

Thanks Brian. That is very helpful. Im gonna try that. I will keep you posted on my success. Thanks again

Hey Nate thanks for response ive tried about 10 small banks and about 2-3 mortgage companies and they wont do anything under $50k.

Thanks Robert. You've been very helpful. I will keep.you posted on my success. Have a blessed day!

lol, nice! Good way of putting it Robert. I just want to be able to grow my business. I like the 20% down also. So lets say for example i buy 3-4 and i use my 20% down and finance the rest. What happens when i run out of my heloc money? I do i create a snowball affect for more properties? So i can sleep like a baby to..lol

Afternoon Biggerpocket friends and memebers,

Here is my situation. I bought my first investment property with all my capital. So its free and clear. I bought it for $15k put $15k into it so im at $30. House that have compareable comps have been selling for $55.Im renting for $650 a mnth. So im trying to get capital back by getting a cash out on it, but no one is wanting to do cash out on that low of a loan. What there telling me is to pull a line of credit on my primary thats worth $110k and my primary is free and clear also. Should i make that next move? My thoughts were well im a beginner at this so what am i going to do with $80-$90k? Should i use it to buy another free and clear investment or should i spread the money out and use it as 20% down on 3-4 investment properties? Should I stop wasting time trying to cash out a low loan and just pull a heloc on my primary? What should I do?

Thanks in advance

SF flips and or MF buy and holds. Looking in the dallas, mesquite, cedar hill, desoto or duncwnville areas. Thanks in advance BP Fam.

SF flips and or MF buy and hold. Thanks in advance to whoever can help.