All Forum Posts by: Juan Castro

@John Warren would you be able to PM this attorneys information? I'm also going through an eviction, the tenant owes a lot and I would like to recoop some of that money. Thanks in advance.

I'm also looking to outsource snow removal. How does pricing work? per hour? per shoveling? monthly fee? and what prices are usual.

Hi! I’m looking for a landscaper to cut the grass in a property around the South Side/Auburn Gresham area. Any recommendations would be greatly appreciated.

@Jonathan Satizabal this info is gold. I have a section 8 tenant and I’m thinking about requesting a rent increase. I will put in the request without comps. Thanks for the info!

@Jonathan Satizabal How/where do you get rent comps to submit to CHA in order to request a rent increase? I've been trying to ask this question to CHA but I haven't gotten a straight answer.

@Jaysen Medhurst I'm dealing with a similar need, What are RUBS?

Thank you @Brian G. and @Julee Felsman for the insightful information. It is good to know that the HELOC balance will be removed because it will be paid off through the refinance cash out. I did not know this. Thanks for sharing.

@Julee Felsman

@Joe P. Thank you for the advice. I do need to be proactive and not reactive. I will start the conversation with my lender to make sure I got all my ducks in a row. I think everything will be good but it will give me that piece of mind.

@Blake Dailey I hadn't thought about opening a commercial line of credit, that's a good idea too. However, for now I will continue with my original idea of using the HELOC. Thank you for your valuable information!

Hi all, I'm looking to start a BRRRR project soon and I'm considering using my HELOC for financing the project. I have a HELOC with $140k and interest of 4.13% (variable) and about 50k cash. So I know a lot of you rely on private/hard money lenders, but my thought is that the interest rate in the HELOC is so low that it will save me tons in holding cost. Once the refinance is complete I can pay back the HELOC and hopefully recoup most of my cash.

I've thinking about it and my only concern would be that borrowing from the HELOC will affect my DTI and cause issues with the refinance, any thoughts? For the record my credit is around 800, I have no debt (other than my primary residence) and I have a stable w2 job with great income.

I appreciate the help.