All Forum Posts by: Jim Kaufman

Hi Kyle. Welcome aboard. Yes, I will be at the meeting on Tuesday. We can look for each other to say hello. I am a long time entrepreneur and went to Grove City High School so we have some things in common. I just purchased my first apartment building so I too have a lot to learn. This, and ACRE are great places to learn and grow. This is a great profession. Jim

Hi Steve. Being a CPA and having had a CPA business in a prior life, I would lean toward the smaller sole practitioner vs the larger firms (unless you have a very complex situation). There are many CPA's who are also real estate investors on the side. I would start with networking with other local active investors, attorneys specializing in real estate and agents in your area. A real estate club would be perfect. Short of that, you could start making some phone calls and asking but that is difficult. Hope that helps a little. Jim

Yes. Thanks Frank. We can all learn together. Always lots to learn.

I am looking to establish a long term relationship in Pittsburgh PA East (I live in Forest Hills). Investor and foreclosure experience required, preferably with a registered HUd and VA broker. Any referrals are appreciated. I am a professional and respectful of your time. Thanks, Jim

Thanks Lynn. Most of what I am looking at right now is in SC (for mortgages for investors with over 4 houses ) but I will check out Prospect.

Thanks, Jim

Thanks Joel. Any thoughts on a good mortgage source for loans 5 to 10?

Hi all. I am a brand new member and first time post. I like what I see so far. I figured I would say hello since I am new - Hello everyone!

I would also love some advice on financing some upcoming rental purchases.

I have two HELOC's and two interest only conventional loans on my five properties. I am going to add a number of new rentals in the next year, mostly in Columbia and Bluffton SC and I may add some properties in Mooresville NC. As such, the mortgage brokers I am talking to are all over the board on whether my HELOC's will count toward the four property rule. I am also torn between the ease and low cost of getting a HELOC after closing (possibly limited to four mortgages) vs locking in a fixed rate with a conventional 30 yr note in case interest rate escalate over the next five years. I did see a post talking about the attractiveness of a 5 or 7 yr arm, which sounds pretty good.

Plus I am getting shut down with most of my sources with the mortgages that I already have in place. I have one short sell pending bank acceptance and some other properties I am close to making a decision on. As we all know, cash rules but is limited (unfortunately). I figure this is a good time to put together a long term financing strategy prior to moving forward.

Any help is greatly appreciated.

Thanks!
Jim