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All Forum Posts by: John Nocera

John Nocera has started 1 posts and replied 5 times.

Well, I just got off the phone with my bank.  They couldn't get the loan closed for reasons that had nothing to do with me.  They just weren't a good fit for investing.  So, I'm back at square zero!  I wanted to thank all the folks that replied to this post, but I think I need to take a step back and look at better options.

The HELOC? I’m still trying to get that set. I got a good rate. What should I do instead?

Thank you!  Let me dig deeper into loan options...  I'll be in touch for that help.  Much appreciated.

So far, I'm reading Bigger Pockets publications and considering leveraging my house with a HELOC to get started. I feel like I'm on thin ice risking my home! I plan on being brave and looking for distressed property. Cash (sort of) to buy and rehab my first multi-family or single-family home.