All Forum Posts by: Johnny Horner

Thanks @Kerry Baird, I was talking with ridge lending and they have recently stopped the all in o e heloc product.  I think in this environment lenders are changing requirements, guidelines, and product availability daily.

@Guifre Morai am searching for a HELOC or refi so I have some capital to take advantage of any future deals, sounds like HELOCs have been frozen, anyone have any info. FYI, this is on investment property and not primary.

@Guifre Morai am searching for a HELOC or refi so I have some capital to take advantage of any future deals, sounds like HELOCs have been frozen, anyone have any info. FYI, this is on investment property and not primary.

@Mark S. Same situation here, be interesting to follow and see the comments.

Thanks for the input, another question I have is what is the best plan of attack with other portfolio mortgages.  I have another 9 mortgages, I really like the payoff escalation with this program so do and can I do another all in one on another property and run all my rental and personal finances through the second one or what?  If I did open another all in one do I still keep the first all in one account open and have money available there?  I have downloaded a simulator and it is indicating I could pay off mortgage in less then 5 years.

I’ve come across this all in one loan product and it seams too good to be true, if you don’t know about it google it or YouTube and see for yourself. I would try to explain it but trying to wrap my head around it myself. Any knowledgeable experience would be appreciated.

BP community, help me settle a debate with a colleague, here is the scenario:

We have a friend, let's say his name is Bob, he would like to leave his w-2 job. Bob, mid 50s, currently has 20 doors averaging $450 cashflow a month, 9 grand total. Let's say around 1.5 million in equity. Portfolio comprised of SFR with a couple small multifamily. He would like to reach $15,000 CF a month in next 2 years, what is his best strategy to achieve? Thanks in advance for the input.

@Lesley Resnick

I have 4 Airbnb’s. They are profitable and a lot less wear then FTR. I self manage and have a great cleaner.

@Aaron Bonne

Ours is $15,000 a mo to replace husband W-2 job by 2021 is our goal.

Current CF is $9800!

We have 19 doors, 4 Airbnb’s. Mix single family, duplex and multi.

Goal buy is to buy more multi and or syndicate.

@Bill Brandt Thank you !