All Forum Posts by: Greg Parker

We offer property management and I concentrate on acquisitions for investors.  We also oversee any rehab needed.

Not sure the forum will allow me to give my email address.  Put you can DM me.

We are still having success helping investors find BRRR properties. It is getting harder to hit the 1% rule, but rent rates are slowly catching up.

Sell it.

Our total interest was around 460-480 at the end.  We sold the house and paid back the money.  50 was the minimum, but I believe we only used 40-45k.  50 was just the available amount.  We didn’t get it all at once.  We drew out money as we needed it to pay subs.

The minimum on the last one was 50,000.  I only paid interest.

@Sean Starkey Check around with local banks. Some of them have some great HELOC programs. The last time I needed 50K to finish a project, I got a HELOC on my residence for 6 months. At the end of the day, the interest was only $400. My local credit union did a free appraisal on my house, and there were zero closing costs if I kept the money out for 6 months. And, I didn't have to get all 50 at once. I just drew on the available amount as I needed it.

Wow!  Good job Peter.  That is impressive profit.

Was this in 36109?  

Let me know how I can help.  I am in Montgomery.

I can send you info on both of those.

Glad to help.  I have a list of folks I have worked with for years.