All Forum Posts by: Wyatt Maa

Aloha Everyone,

Does anyone have any local contacts and/or banks that do HELOC's on an investment property that as a trust? Please lmk!

Mahalo,

Wyatt

Hi all! Question for the BP community.

Say i'm purchasing a small multi-family investment property for $1,000,000. I'm putting a downpayment @ 20% using a HELOC. Im funding the remaining $800,000 using a private money lender @ 5% interest rate with 2 points for a 30year loan. I plan to fix up this property to increase the ARV. Is there a way to refinance so I can take out my initial down payment to pay back my HELOC while also locking up a better interest rate for a 30 year loan to take advantage of the current low interest rates?

Appreciate the responses in advance!

Aloha Everyone,

I'm a new investor coming out from Honolulu, HI. I have done some market analysis across the country and it has led me to want to do some investing in the Boise area. Just wanted to ask some general questions about the area to get a more boots on the ground perspective.

How are the multi-family returns in this market? (3-12 unit complexes)

What are some advice to start building a team in the boise area?

Good investor friendly agents you recommend?

I have some built up equity that I have access to and figured i'd want to start my investing journey in the Boise area. Thank you in advance for anyone that has contributed.