All Forum Posts by: Andy Pillinger

Hi Matt, Could you give me the a few of the lenders that offer the interest only loans that you have acquired. Many thanks.

Andy

Thanks to all for replying. My strategy is that I'm going to be coming into around a million in the next year or 2 and want to improve cash flow to retire comfortably. I understand all the dangers which is why im trying to see if there is anyone out there doing 10 year or more interest only and would not make every one an interest only. 

Hi,

I have been looking but it appears its not possible to get an interest only long term loan in the states?. Is this truly the case even with say a 40% down payment?. Or is it even possible to buy outright and then take out a Heloc for 10 years on interest only on investment property. thanks in advance for your advise.

Andy 

Hi Ruth,

Thanks for your help, i will contact them.

Hi Zack and Louis, thanks for the reply so quick. I'm also being told that it must have a garage which at the moment it does not. Is that really correct that all SFR need a garage?!

Hi Looking for contractor with expeience on rehabbing older houses in the Seattle area.

Thanks

Andy

Hi Looking full rehab contractor in Seattle. Any recommendations would be much appreciated. the Experience with older houses is a must. 

Many thanks

Andy

Hi Angie,

I am looking for a good contractor for a full sfr rehab is Seattle on rainier Ave S. Is the team still avaiable?

Thanks

Andy

Hi all,

I am partnering on a JV for rehabbing a 1920's 3400 sq ft brick house on rainier ave s. The house is in poor shape and needs a complete remodel. The roof and upstairs windows are new. However all the wiring and plumbing is not to code and there are signs of asbestos around ducting. It was recently used as a duplex(smaller unit in basement) but that was illegal and we are required by law to convert back. One question I have is what's the difference between a mother in law and a duplex. Or put another way how far can we go before a mother in law becomes a duplex?!.. for instance can we put a bathroom in?. We are trying to figure out what gets us the best return on our money, rehab the 1300 sq ft basement fully into a mother in law if legal or just add a wet bar and minor rehab like carpets new dry wall and a lick of paint etc?....

Can anyone recommend a contractor with a good reputation that could possibly quote on this project. If they are familiar with older buildings that would be a plus.

I would like to thank anyone in advance for their advice and expertise.

Regards

Andy

Sorry its taken me so long to get back I have been away on business. Thank you both for your input. Brandon I have been looking into corporate and vacation letting as it seems more lucrative. Dave so from what your saying is that if I rent the house for a year I can still defer the profit after the 250K if I use it all as a own payment on my next investment?. thanks again for your advise.