All Forum Posts by: Shakir Elvin

@Erik Estrada thank you for your response! 

Good day, I have a rental property in South Florida and I'm thinking about adding some square footage (additional bedroom and bathroom). My plan is to used some of the equity in that property to do this expansion, I got a rough estimate of the interest rate at 11.25%, is this normal and if not I would love to be connected to a bank/ broker that does HELOCs on investments at a lower rate. 

Shak :)

Hey guys, I’m a newbie investor seeking a realtor in the Huntsville, Alabama area. If anyone knows of on, I’d definitely appreciate an introduction or a connect.

Thanks

Good afternoon guys, I am currently looking for architects in the broward county area that would be interested in developing plans for a SFH expansion. If anyone has a contact for an architect I would surely apprentice the help.

Congrats Heidi, thanks for all that you've taught and continue to teach me! Looking forward to keep working with you. 

@Kyle Meyer

Is Cozy going to become obsolete, transferring over to apartments.com

I’m a new landlord and I’m trying to create a Cozy account but it takes me to apartments.com

Is this platform identical with just a name change or is it a whole new platform?

Nothing, finally under contract for my first property as of June 23rd.

@Kyle Spearin good point man, thanks.

Hey guys, I recently listened to the bigger pockets podcast:

“10 Deadly Mistakes Real Estate Investors Make with Brandon and David”

Towards the end of the podcast, Brandon suggests earning equity as oppose to using your own cash for the down payment of a property. How exactly do I do this? Would I need to seek a second lender to cover the down payment. Or is there a way to negotiate the price down after the money has been released by lender.

I’m a bit confused on this but definitely want to use this strategy to keep cash (down payment) in my bank account. Can anyone help to explain please? Thanks.

@Sebastian Marroquin

Man was this insightful. Thank you so much for your shared experience and advice. Greatly appreciated