All Forum Posts by: George Yang
George Yang has started 2 posts and replied 5 times.
Post: Use HELOC to paydown mortgage fast
- Spartanburg, SC
- Posts 5
- Votes 0
https://replaceyourmortgage.com/home-equity-line-o...
https://m.free-online-calculator-use.com/extra-pay...
A couple of calculators for you guys to play with. Use the difference between your net monthly income and your monthly expenses from the heloc calculator as your monthly additional payment in the amortization calculator.
Post: First Lien HELOC Strategy
- Spartanburg, SC
- Posts 5
- Votes 0
Originally posted by @Chris Wilson:
Into a HELOC in December. Ours is based on the 1 month LIBOR and has a draw period of 20 years.
We do not have an escrow account so we are responsible for making sure we pay insurance and taxes.
We will be buying a rental within the next two months using the HELOC.
There are a ton of different products out there but this worked for us. PM if you'd like more
@Chris Wilson hey, I would like to know what HELOC you have that uses 1 month LIBOR. Thanks.
Post: Investor Friendly agent in South Carolina
- Spartanburg, SC
- Posts 5
- Votes 0
Hello Everyone!
I am looking for an Investor Friendly agent who has knowledge of the upstate South Carolina market and is proactive. Please reach out to me or provide some references.
Thanks
Hello! I'm a new investor from Spartanburg, SC looking to get started in rental property. I'm thinking about starting with a buy & hold SFR (under $100k). I may consider a multi-family unit as well. Nice to meet everyone on here!
Post: New member from South Carolina
- Spartanburg, SC
- Posts 5
- Votes 0
I'm a new investor looking to get started in rental property.