All Forum Posts by: Tony Sepassi

You may want to look into the auction houses. 

Thank you for the tip.  

I'm looking for properties that are being auctioned off and also fixer uppers and anyone that is looking for JV. I have been looking also at some properties in VA and MD area which are banked owned but they are occupied and I wanted to know if anyone has had any experience dealing with the occupied property once they purchased the property in the DC , VA and MD area?

Thank you for the advises.  Going to see one property in DC today.  

Just saw your post. Congrats!  I will email you later to get more information on the area.  

I have been looking into buying muiltifamily rentals and the area I have been looking into is Chesapeake VA area. Found one building , it is a 4 unit and owner says it has a monthly of $3100 which is not bad.

My agent tells me the area is not the greatest and he had investors lose money there.  I have been looking into DC but the prices are just to high and it feels like a bubble about to burst.   I have been jumping from one state to another looking for deals and it does get frustrating.

Do you guys have any advise?

Thanks guys and gals! :-)

I will look into the tenant laws before thinking of buying.  It seems I'm hearing more of how the city is tenant friendly which could be a problem down the line.

Thank you for the advise.  S.E seems to be growing but some areas are still a no go. lol

I have called the big ones and some small ones.

I haven't tried credit unions, there is one near by I will stop by and see what they say.

Hi Guys,

I have been trying to see if I can get a HLOC on a investment property I have but it seems no bank wants to offer HLOC on a investment property.

I'm going to auctions to see if I can get a good deal so I need cash waiting but it seems the only thing the banks want to offer is a cash out loan which means I get the loan and start to pay the monthly payment but that doesn't do me any good when I have no property in mind I want to buy.

Is there a way to get HLOC with investment properties?