All Forum Posts by: Gary Komenaka

I'm a big fan of HELOCs because you only pay on what you use, and if you get interest only terms, the payments tend to be pretty low. If you can cash flow your current condo as a rental, you could use the HELOC as the down the purchase another primary residence, rent your existing one out, and hopefully have enough from the HELOC for another investment property as you mentioned. I did the exact same thing a few years ago and recently opened another HELOC on my "new" primary as well as the one I moved out of. Those 2 HELOCs provide a lot of available funds for other transactions.

Hi, I’m in Honolulu, HI and halfway through the rehab of a condo/Air BnB the city inspector came out and is requiring a bunch of permits which our handyman hasn’t been able to get. Meanwhile a year later, this project is bleeding $$. Does anyone know a GC or someone else who can possibly expedite the permitting process and help complete the rehab? Thanks in advance!