All Forum Posts by: John T.

Thanks for the reply, Brett.  Melbourne, huh?  You're far from home haha.

The NOI for the condo would be around $10,000/yr. Not sure about Line of credit. I'd assume at least 70% LTV. So, $94500 from condo to put towards next investment property (down, rehab, etc).

What do you mean by security?  Are you recommending some type of collateral loan?

Thanks, Brett!

Thanks for the reply, Chris. I apologize. After some research, I don't think I used that term (HML) correctly. The primary residence is under a conventional mortgage loan at 3.75.

Hello. New to Bigger Pockets and RE investing.  I would like ask for some earnest advice regarding my current position and possibly the best strategy for next investment effort.

Recently purchased a primary residence using hard money. Loan is for 285K but home was appraised for 395K. Also have a condo (originally purchased for 135k) free and clear just recently rented out this month. What would be the best strategy and financing options for investing in a second investment property give this situation...whether BRRRR or Flip. Married but properties and loan only in my name. Location is Guam.

Looking forward to hearing any ideas about future steps and timeframes.