All Forum Posts by: Eddie Veiga
Eddie Veiga has started 3 posts and replied 5 times.
Post: Second/STR home in Myrtle Beach
- Realtor
- Florida
- Posts 5
- Votes 1
Quote from @Shane Lafleur:
Hey! I just purchased an Ocean View Condo in North Myrtle Beach using the Second Home Loan. My wife and I plan on self running STR. We are currently under renovations to set ourselves above the market. New LVP floors, Tiles in the bathrooms, Tile Showers, new cabinets, countertops, backsplash, kitchen appliances, new paint of the whole unit and then all new refurnishing's of the place. Happy to share more information and connect. I cohost a local meetup in Raleigh called Pints & Properties so keep an eye out for that and would be awesome to see you there as well, as other STR investors are there to share their experiences as well.
Shane, my brother and I are looking to get into the STR game in the Myrtle Beach area. Would love to pick your brain about it if you're willing to share.
Post: Investing in Short Term Rental Myrtle Beach SC
- Realtor
- Florida
- Posts 5
- Votes 1
Post: ROI Calculations for Multifamily
- Realtor
- Florida
- Posts 5
- Votes 1
thank you
Post: ROI Calculations for Multifamily
- Realtor
- Florida
- Posts 5
- Votes 1
We are looking at purchasing our first investment property. Upon our initial research into investing, it seems that we need to evaluate each property with the return in mind. Is there a specific calculator or tool people use to figure out their return? Looking for a little direction here.
Post: HELOC for Multifamily Purchase
- Realtor
- Florida
- Posts 5
- Votes 1
Good Afternoon. My fiancee and I have an opportunity to purchase a 3 family in a great residential neighborhood. All 3 units are 3 bedrooms and will cashflow. The issue is we own a single family and will have to give a down payment of 25%. We are thinking of taking a HELOC on our single family to use towards the down payment on the multi. My question is if we do that, would we be able to refinance the multi in a year or so, to pay off the HELOC on our single? We have a lender that will lend 100% LTV.