All Forum Posts by: Ty Coutts

Is the rental property technically listed as your primary residence? A HELOC can only be applied to primary's, not investment properties unfortunately.

But it does sound like you could potentially look at doing a cash out refinance and certainly have enough for your next down payment. Let me know if you have any questions, I was born and raised in the springs and still have family down there so I know the area well!

Congrats on the duplex @Brittany Guimond! 

My fiancé and I live here locally in Denver as well and just bought a SFH that is basically a duplex since it has a separate entrance basement with a full kitchen. We are planning to do exactly what you and Grant are doing by renting one side out and then cash out refinancing for our next place.

I always love connecting with like minded people and seeing as you are a RE agent and I am a lender that has a ton of clients with the same investment mindset, I am sure we have an endless list of things to talk about and a ton of mutual benefit we could bring each other! I just shot you a connection. Let me know if you want to chat soon.

Hello Matt!

I help tons of clients build out their long term goals and plans for future financial freedom through the use of house hacking and other ways to get passive income through real estate.

I am helping two investors in particular in that same area right now. I would love to chat and see if there is anything that I can help answer specifically! I just messaged you a private connection so we can find a time to chat more.

Love the question @Alicia Marks! Much like @Ryan Williams, my big "why" and BHAG revolves around financial freedom and helping other achieve financial freedom themselves.

I am fascinated by travel and learning how other cultures, and other human beings choose to live their lives. My fiancé and I are working hard right now to disassociate and untie the connection between our time and our money so that we have the freedom to travel and connect with more people around the world. Working in the STR managing business for many years and now as a full time loan officer, I know that this can be accomplished through real estate.

My personal BHAG is to have 10 cash flowing properties in the next 5 years. (currently looking to get my second within the next 9 months or so) My career BHAG is to finish the year in the top 5 for loan volume within my entire company (currently sitting at #6 with just over $11 million in loans closed this year). 

I love this community for the support and knowledge everyone provides, so please let me know if anyone wants help or an accountability buddy while you are out there striving for your own BHAGs!
 

Hello Corey!

I have a connection in Arkansas that currently does a lot of BRRR short term rental properties. Would be happy to connect you two if you need! Feel free to contact me directly if that would help you.

Hello Rachel! 

Did you already get help on this? If not I think I could find some creative solutions for you. Let me know if you need help still!

Looking to connect with experienced flippers that have 10+ doors in the last 36 months. What is your standard cash out LTV that you have been getting?

Please leave a comment or message directly!