All Forum Posts by: Jose Batista Abikarram

I agree with @Jorge Duarte and would add to it saying that you shouldn’t always make an offer that make the numbers work. The worst thing that can possibly happen is they say no and you learn something. 

Welcome to BP and I like how you put your priorities in place. Great way to start!!

This looks pretty good from what I can tell. Have you compared it to other insurance providers or even independent agents? Also try to look in bluehammer for the actual rebuilding cost. Insurance places go all over the place estimating this. Good luck!

It really depends on your target market. Is certainly an important factor but let’s say there is a good hospital near it and you are targeting traveling nurses I’m sure they won’t be looking at school ratings

Your welcome!

Some credit unions might not offer HELOC while some community banks will. What I would do is do some research in the area and analice who would give you the best deal. Then try to form a relationship with them if the are a portfolio lender. There is not a huge difference between community and CU just what they offer and how they focus their money

What if you changed target markets. You can rent to insurance operators for 1.5X rent. Or maybe do students and short term rentals. I understand not having two mortgages but if you can cash flow it’s usually better than selling. If you pay the loan then maybe you could try selling it with a lease option!

If you have good contracts with plenty of ways to get out if something happens (e.g. inspection and appraisal) why not. Raising money is much easier nowadays and if you have a good deal you will find investors who support it!

Hey @Dylan Thomas this is my opinion only but especially now that we are in an all time low of interest I believed the fixed rate is much better. The percentage difference will make a difference but at the same time you could pay it quicker to save on some interest. In saying that it really depends on your strategy. If you need the extra cash the first option doesn’t seem that bad. It’s certainly a hard one!

That’s great!