All Forum Posts by: Yoochul C.

 Joe,

If one were to get a heloc and a refi at the same rate, the payments would be the same to start.  The amount of interest is the same.  However when you pay off a heloc and you pay down the principle, your monthly payment drops.  if you decide to pay only interest at the beginning, then you have more cash flow since you're not paying principle until the draw period is over.  Am I missing anything?

Thanks

i did a heloc and a refi at about the same time.  I like the heloc because as you pay back the heloc, the payments go down unlike the refi, the payments never change.  

Yooch

 thanks for the info Jared.

 Welcome.  Just know that investing in Arkansas, you're already ahead because Arkansas is the most landlord friendly state in the country by a huge margin.  Evictions last only 10 days.  After 10 days, the tenants can face jail time.  Crazy.  

I was looking at an apt building at this address:   510 Beech St, Helena AR 72342.  Is this a bad area?

Thanks

Yooch

turnkey provider

I prefer the 30 year.  You can always pay additional principal to shorten the loan and pay less interest.  However when those times when you have vacancies, the less payment amounts help.

two by marriage, moved out of houses owned by each one of us individually and moved into a third primary.  4th and 5th property using a TK in Texas.  All buy and holds.

Yooch

 Invest in Texas.  You get cash flow and appreciation.  

Focus on the 35 corridor between Austin and San Antonio.  I think that area is going to go crazy over the next ten years as the two areas start to merge into one another.  

In South Carolina,  the state requires a physical address for the business address and it also requires a registered agent or service of process.  You could use a third party agent to shield yourself with some anonymity.  However you'll still need a physical address.  I don't think the state checks if you decide to use a PMB location though.  

Yooch