All Forum Posts by: Stephanie Gledhill

I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?

I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.

I have a great rate on my Primary home (in CA) and investment property so I don't want to do a cash-out refi. Any advice?? 

Thank you in advance !

I have $300k of equity in a SFR rental in Franklin,TN

I am at the end of a refi on it at 3.125% no fees. (Great rate)

I would like to buy another property in the future, however, it's so hard to find one right now. Broker says it's too late to do a cash out refi.

1) Would you get the cash out now even though I have nowhere to park it and will be paying interest on the larger loan amount. My future plans are to need it for another investment. If I am going to refi later to pull out cash, it doesn't make sense bc I have a 2 yr payback on this refi or

2) Get a Heloc on my home residence to use for another property/investment once I find it? I don't like the concept of using my personal residence for investments, I'd like to keep it separate. I know it doesn't really make sense bc it's all the same pot. Or

3) any other options?

Any advice is appreciated!! Thank you in advance.

@Henry Clark thank you for reminding me of the many complexities of this kind of transaction. I have 1 SFR rental property. I was thinking that since I would have a guaranteed lessee (family business) this may be a great opportunity. I don't know anything about commercial property and want to keep my life uncomplicated so thanks for pointing this out and saving me. Going to stick to residential. Thanks again !

@Terri Wyzkoski

Thank you. I will reach out.

I would love to purchase the building from my family business. One is worth $5M the other $12M. The company would lease it back from us. The company C-Corp needs cash because 2nd generation shareholders want to retire. Is there any way I could qualify for a loan that large? The rent payments would be pretty much guaranteed ( business has been around for 60 years). Help. Any advice would be appreciated.

I am currently looking for a property to meet the 1% rule. I want it to be low maintenance, so I would like a new(er) property. I am a buy and hold investor. I currently have a property in TN and live in CA so Arizona seems interesting as it is close. Any ideas? Thank you in advance.

@Nikki Yankowski

I can't read the screenshot. It's blurry for me. Where did you get that?

@Jay Hinrichs

Can I get this data if I'm not in the industry?

@Luis Cruz what sources are you looking at for your data. Thanks.

@Jayson Cain

Where do you get your info/data.