All Forum Posts by: Shayla Collins

 Yes. 😣 I know that’s outrageous but I’d refinance later. 

I have a HELOC on an investment property on my personal credit. Just recently the interest rate went up to 9%.

I’d really like to get this line of credit off of my personal credit so am considering paying it off with a business loan. The business loan interest rate is 7 pts higher. The monthly rent would still cover the loan payment but only by a hair. 

The only reason I’d consider doing this is because I need to clear my personal credit, which makes sense. However getting a new loan at a much higher interest rate makes me cringe. 

Has anyone out there ever done this? 

Do electricians and plumbers usually provide a warranty when they re-wire / replumb a house? If so is it best practice to mention this in the GC  contractor agreement for a rehab?

Hi @Brandon Plombon . They are in Mississippi. 

Hi. I have two rental properties. Both were purchased with cash and then I took a HELOC out on them in my name. I'd like to refinance them under my LLC so that they are no longer intertwined in my personal credit. Anyone know where I can start? Any lenders that can refinance a HELOC?

Anyone ever use Beta Private Loans? I'm working with David Williams but can't find any information online about them so just curious if anyone has ever used this lender. 

@Lamont Chen Very very helpful. Thank you!

@Patrick Orefice thank you. Great feedback!

I’ve done two rehabs and am considering doing a new construction single family home in the spring. My rehabs were both pretty touch. One should’ve been a tear down as we had to rebuild the foundation and replace most of the framing.

What do I need to take into account before venturing into new construction? In what not so obvious ways does it differ from rehabs. I want to make sure it’s a profitable venture. I’d love to hear from investors who’ve successfully navigated this sector of real estate. Please shoot it to me straight. I’d rather be discouraged away from doing it than getting in over my head.

Thanks!

Would it be risky to invest in rental properties right now? Do you think the eviction restrictions will be lifted in the first quarter of 2021?