All Forum Posts by: Lyndsay Zwirlein

Gm all.  I’m looking to get information to help me to my investing career to its next phase.  I have 10 paid off properties that I would like to put permanent financing on to get cash out to reinvest. My credit is not good and I’m wondering if there are any options for me using just my llc.  If not, I have several people (mom, sister etc ) that I can add to the company that have good credit.  I’m looking for any and all help.  Thank you all.  

Hi there! 
 

We just recently got approved for a HELOC on our main residence in order to buy our income property. Unfortunately, the appraisal did not come back as high as we wanted it to and it looks like we are ending up with about 125K as opposed to the 165K we wanted.

My question is this; originally I was thinking 165K could buy us something outright. Now however, at 125k, I think we are looking at more of a down payment. How will we get approved for a second mortgage though, when we still have our first and now the HELOC on top of that? Is that even doable? I just can wrap my head around a bank approving us for a second mortgage on something with a first mortgage and maxed out HELOC. Our income is 150k gross, and we have student loan debt (50k) but that's it (no car notes, etc.)

Can someone help me understand what we should do next? I’m feeling discouraged 

Hey all! I started my REI journey in Q4 of last year and have since picked up 2 properties. They are local long term rentals with very little if any cash flow. But it got me in the game and they're in great areas🙏
That being said, this year I really would like to purchase a vacation home / STR in a touristic place like a Pigeon Forge, Broken Bow, Destin, etc. 

I know many of you have STR's and I was wondering if you had some advice / things to look for when going to purchase one from your experience? Im a little lost. It would mean a lot. Thanks everyone! 😃

Debating whether to purchase a 2 vs 3 BR beach property for STR in Daytona/New Smyrna/Ormond Beach area. Do the 2 BR condos better? I've heard mixed reviews.

Heidi, we are having a meet up tonight on STR properties in the greater Daytona/New Smyrna/Ormond area. Many of us are active in the STR market here and could certainly help to clear up some of the benefits of either options. Chris Miller is organizing the meeting and he runs about 17 doors in the immediate area. When you have an STR question in this area, he is the one to ask. Message if you want the meeting info.