All Forum Posts by: Kimberly Abeln

Thanks! I’ll check them out!

Since I won’t be able to ask at the meetup, does anyone have recommendations for an investor-friendly lender in Dothan? Looking on the personal side (not commercial… yet)

Can’t wait to be back in town to attend these! 16 months and counting!

It didn't matter to any of the banks/CU's I called that the investment property we own is free and clear. It wasn't a first-position issue, but a non-OO property issue. I called and was turned down by: US Bank, PenFed, BofA, PNC, SunTrust, Flagstar, Citi, OneAZ CU, TD Bank, Union Bank, Pyramid CU, TOPCU (I did talk to Ken Krapf in their business department and they will do a Business line of credit for 1-2 years, renewable, for like 4-5%, with an investment property as collateral at 75% LTV), finally I was able to get Jeff at Vantage West CU who will do a HELOC on investment property at 70% LTV around 6.5-7.25%. I hope this saves you a few hours of calling :)

I'm running into the same problem in AZ. Some bank websites say that they offer them, but then when I call they say it's for OO properties only (maybe their policy changed when rates dropped so low or bc of Covid??) Please keep me posted on what you find and I'll do the same.

Yeah, we used Empire and it was double the work of doing it myself. Hopefully we’ll get a 10+ unit in the coming years and need good management!

Thanks for the heads up! I know there was a huge need for some new talent. That’s exactly why we turned to self-management in Dothan. I know that’s not for everyone though and we may pass off a few properties as we grow. Great news!!!

Try JNB Services. I haven’t worked with them yet but I’ve been following them on FB for a few months now and it looks like they are a one-stop shop. We are also out of state (for now) and have yet to tackle a fixer upper. I’d love to hear how it goes with whomever you work with. Good luck!

It’s looking awesome! Thanks for sharing the pics and your journey. Please continue to share the good, bad and ugly :)

I self manage our rentals (we had been using Empire but I want happy with their services) and use Cozy to run background/credit along with all the paperwork. I use Amy Wade Brown as my Realtor when I need boots on the ground or to run a contract. She’s been really great when we’ve needed something. I used Lane Home inspections for our last purchase inspection and wasn’t happy. His roof ‘inspection’ was done with binoculars and he missed almost a 5k repair that was fairly urgent—so you may not want to use that co. either. So far I’ve only had minor repairs and have used Angies list to find most of my people. I’m new to BP so I’m looking forward to seeing how their contractor matching services work out. If you need large remodel work I’ve heard JNB Services does good work in the Wiregrass area but I have no experience with them personally. Good luck and I look forward to seeing what deals you find!