All Forum Posts by: Craig Barragry

Hi Michelle, I think it depends on your equity position in the properties, how much you need to put down, and your long-term strategy. A HELOC could be a good option, but you can get over levered if you can't pay down the interest and you maxed it out on the down payment for the duplex. If you have enough disposable income from your jobs to offset HELOC interest payments, that could help mitigate risk. That said, the more conservative approach would be to just save your money for the duplex down payment and go from there.

We used an All-In-One loan (similar to a HELOC) that helped us buy our next two investment properties. We used the cash flow from the 3 properties - plus anything we could from our employment income - to pay down the loan as quickly as possible. It enabled us to scale faster, but only worked because we were aggressive in paying it down. Best of luck!

Agree with Daniel's suggestion. We did a line of credit (All In One loan) on our first investment property, which enabled us to buy our next two, all while cash-flowing above and beyond the interest. My only caution is getting over levered - the temptation to keep tapping the loan for the next property is real! As we went, we used the cash flow from the properties as well as excess cash from our employment income to pay down principal.

I was thinking gross, but if knew of something that nets 10% that's not crazy risky I'm all ears!

I currently have a few thousand invested in Connect Invest, and while the returns are decent, I'm looking for something 10%+ annually. I'm accredited and am okay with having funds locked up for a few years. Any suggestions, ideally from someone who exited. Thank you! 

Hi Amby, I own two multifamily properties with 1890-1920 construction. Besides foundation condition, knob-and-tube wiring is the biggest warning. If it comes up during inspection, plan on having to replace it (and negotiate the seller offers concessions to do it). Most insurers will not cover the property unless it's replaced due to the fire risk. Same goes for old Federal Pacific panels. On the plus side, many older homes have beautiful, ornate features not found in newer homes that some renters prefer. Best of luck!

That's fair. The property I was underwriting was right by the water, and I'm open to more inland with the thought insurance may be less painful. Other than insurance, it's landlord-friendly, lower cost, and growing.

Brutal for sure! I haven't gotten anything quoted in the last few months, but I recall single family two blocks from the beach was more than double what I paid for a quadplex in Colorado Springs.

Hi, I'm looking at out-of-state investing in smaller (2-16 units) multi-family. Gulf Shores MSA is one of the markets I'm targeting, but am not finding any deals. Are there a lack of deals, or just simply a small supply of multifamily? Anyone had success finding deals? I haven't had luck finding any investor-oriented agents outside of STR's. Thank you!

I may have missed it in the earlier replies, but is LTR out of the question? I've done it with a furnished property before and it can be a good solution for someone who's transitioning to a new home and wants to sell or store their furniture. Hoping for a good outcome for you and best of luck in your next deal!

My wife and I bought an investment property in 2021 that currently has an All In One (AIO) loan that we've used like a HELOC to buy other investment properties. The AIO is our only debt on the property and is in our personal name (not an LLC) as a requirement of the loan.

We are looking to do an extensive addition/remodel on our personal home, and given current rates, we are considering using the AIO loan to help pay for it. 

Are there any tax implications or other considerations if we use this loan for our personal home project? Appreciate any insights!