Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ryan Mcintosh

Ryan Mcintosh has started 1 posts and replied 5 times.

Mortgage. Insurance. Taxes. All utilities we pay comes out to like 2536 a month. We manage the properties ourself. 

lathrop mortgage is 2k a month with everything included at 3.74% interest rate. 600 profit a month.

Modesto mortgage is 2500 a month with everything included at 7.625% interest rate. 1600 profit each month.

both loans are conventional 30 year term loans

Property 1. Rent 2600. NOI 600.
property 3. Total rent for both properties is 4100. 2300 for one and 1800 for the other. NOI is 1600. 
morrgage for property 2 is 4100. 
gross income 275k-300k not including rental income. 

Property 1. Lathrop ca. value 475k. Loan 320k  owned since 2016

Property 2 Manteca ca primary home. Value 700k. Loan 615k. Heloc 56k. Owned since 2022 

Property 3. Modesto ca. two homes one lot. Value 500k. Loan 300k. Owned since 02/25

Property 3 was just purchased with the heloc from property 2. 

I have a few rental properties already. We just bought two houses on one lot after using a heloc on our primary residence. When we did the heloc we reached out to everyone (credit union, loan companies, etc) and was told that was the only option available. We already had a single-family investment property prior to this new multifamily purchase and was told there was no option to use that properties equity. now we have renovated this multifamily property and wanted to use that equity to purchase another property. We reached out to everyone again and are being told we can only use a heloc on the primary, and can't refinance until a year. We already have a heloc on the primary so that is not an option. How are people using the brrr method or who are they going through to allow them to immediately refinance and use the equity? I would appreciate any guidance to help scale up our rental portfolio. Thanks everyone.