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All Forum Posts by: William Lewis

William Lewis has started 4 posts and replied 32 times.

Post: Non-QM vs Hard Money loans

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

@Diana Rivera good luck and let us know what direction you go.  If you do pursue a non-QM, please pass on the contact.  

Thanks!

Post: Non QM loan origination

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

@Jacob G., great question.  I'm looking for the same

@Fred Shatzoff, Thank you.  I'll reach out to Fred Shatzoff.  Do you know if they work with individuals as well?

Thank you both

Post: Excited to Begin My Journey!

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

@nate 

@Nate Moore, welcome!  I have only one piece of advice: take action.  I am never ready to take my next step, but I’ve learned that taking that first step that I’m not fully prepared for, forced me to figure out what’s next. 

Post: First REI Deal Alert

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

Congratulations, @Stacey C.

Post: Refi or HELOC...??.......!?!?

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

Thanks, @Timothy W. I was under the impression that closing costs for a HELOC were much lower than a Refi, but now I'll have to take a second look. It's also nice to see that there should be a cap. Fantastic.

Thanks again. 

Post: Philadelphia Contractor Needed

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

I also need a GC in the Philly market.  

Post: Philly suburbs contractors

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

@Anna L., I'm hoping that you'll find someone! I'm looking for a GC to work with inside and outside of Philadelphia.  If I come across someone, I'll pass him on.

Post: Refi or HELOC...??.......!?!?

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

My wife and I started investing officially 12 months ago. We had been "househacking" or renting our old condos before that. 12 months ago, we paid cash for our current rental (because we couldn't get a loan as a result of a recent short sale).  Our next step is to pull equity out of a property an use it for our next purchase.  

My big question to the current and future rock-stars of our community is; should we cash out refi our current property or get a HELOC??

I'd really like to try the Brrr Strategy, and a HELOC sound like a great way to go about accessing the cash needed for a purchase and refurbishing.

Post: Anyone started investing in RE at age 35 or later?

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

Officially, my wife and I started just after turning 37. Unofficially, we had been "househacking" since about 30. Our next step is to pull equity out of a property and use it for our next purchase. I'd really like to try the Brrr Strategy! I'd love to hear from anyone with recommendations on Brrr-ing and thoughts on whether we should cash out refi our current property or get a HELOC.

Post: Need some good contacts

William LewisPosted
  • Investor
  • Jenkintown, PA
  • Posts 32
  • Votes 23

Hello BP Philadelphia, Pennsylvania!   I'm looking to award the best in the are with additional work.

Who's your favorite and best?

Plumber?

Handyman?

Electrician?

Accountant:

Thanks everyone!!