All Forum Posts by: Glenn P Kakugawa
Glenn P Kakugawa has started 3 posts and replied 11 times.
Quote from @Wes Waggoner:
That is certainly a small hurdle to overcome, but @Glenn P Kakugawa did the right thing by reaching out on here and seeing if local investors can point him in the right direction. Did you find a property Glenn?
I have not yet. My HELOC has taken much longer than expected.
Quote from @Justin Allen:
Quote from @Joel Case:
One single/multi family property in the area? That should be simple enough. What are your goals with the property?
Get with Joel Case... he's your guy to get things done!
Quote from @Joel Case:
One single/multi family property in the area? That should be simple enough. What are your goals with the property?
Buy and hold. Long-term rental. Cash flow $300+ per month.
**IN MISSISSIPPI
Aloha BP Fam!
We are looking to purchase a single-family or multi-family in Gulfport or surrounding areas. Looking to build a team. If anyone has any recommendations, please post.
Cheers!
Post: 1st vs 2nd position HELOC advice
- Posts 11
- Votes 2
Quote from @Steve Vaughan:
Quote from @Glenn P Kakugawa:
Quote from @Nate Sanow:
No, we still owe on our first mortgage, however the lender is asking if we would like a 1st or 2nd position heloc.
Definitely keep a low fixed first if you have it. What's the rate of your current mortgage?
Helocs are variable and have fine print that allows them to freeze or call. Fixed first is safer for you. Do not pay off your first with a heloc.
Post: 1st vs 2nd position HELOC advice
- Posts 11
- Votes 2
Thank you all! Great advice!
Post: 1st vs 2nd position HELOC advice
- Posts 11
- Votes 2
Quote from @Nate Sanow:
Do you own something free and clear? That is the only way I can think of a HELOC being a first position. Otherwise, by default, a HELOC would always be 2nd position, to my knowledge.
Post: 1st vs 2nd position HELOC advice
- Posts 11
- Votes 2
We are trying to decide whether to use 1st or 2nd position HELOC to fund our investment property down payment. Any advice is appreciated.
Quote from @Kenny Smith:
Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?
1. Subscribe to the BiggerPockets Money and Rookie Podcasts
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5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!
Good Luck,
Kenny
Thanks Kenny!! Great advice!!