All Forum Posts by: Thomas Ferreira Jr.

Hopefully this is the right area to post this.

I have an interest only HELOC taken out on an investment property that I plan on using for a downpayment. Anyone have a spreadsheet for interest only loans? I want to be able to calculate minimum payments as I pay down the balance over time.

Thanks in advanced

Thanks for sharing! Might have to check this out.

Looking for an agent that specializes in dealing with investors. I currently have 1 Duplex fully rented in Barrington from a previous house hack, looking for my next step. I've done a ton of reading/listening/watching/analyzing etc and I'm ready to start making offers. As this will be untraveled territory for me an experienced agent is a must. I'm open to flips, buy & hold, Foreclosure/REO/Short sale pretty much anything outside of section 8 if the numbers are right. I spent a decade working in construction before starting my current W2 job 3 years ago. I have the cash for a downpayment and I'm ready to act on the right deal.

I'm a motivated but inexperienced investor looking to expand my portfolio and begin a mutually beneficial relationship with an experienced agent that has the time/patience to invest in me.

I came on here to ask this exact question. Thanks David Sisson for asking and thanks everyone else for the feedback. 

Who are you guys using as agents?

Also, how many of you had a sellers agent lined up while searching for your first flip? I imagine realtors have plenty of work so they aren't interested in doing extra legwork for a potential deal. 

I've spent the last several months educating myself. I've got a HELOC closing in the next few days using equity from a rental property I've been self managing for 5 years. I feel as though I have a strong understanding of a few strategies and I'm ready to go from constantly analyzing deals to actively looking for deals.

My question in, how do I choose an agent? Pretty much the only type of real estate I've ruled out is Commercial. Even then, I'd consider it if it was a building that had residential as well. (In fact I'm in love with a property that is just that, but I believe it is overpriced) I am interested in BRRR, Flip and Hold but I've decided to not make any purchases that have less than 2 of those as an option.

How do I find an investment minded realtor who is competent w/ mutlis, singles, REO/Foreclosure but can also handle a possible commercial deal? Is it weird to meet w/ several before choosing one?

Thanks in advance

If your looking for low risk just sell the house and buy something you can afford. Maybe you could get mortgage-free. You said your against re-investing your money into a duplex because of risk, but honestly, all of your plans sound harder and riskier than a duplex.

If I was in your shoes I'd sell. The market here is as good as ever and the other options sound both hard and risky.

What exactly are you looking for? 

Try penfed. They have been awesome for me.

@Rob Hoffman Now here's the story I'm interested in!