All Forum Posts by: Zachary Clevenger

I've been vetting gurus to determine where an investment would return the greatest ROI. Many gurus dangle their network, trainings and resources but few deliver real value. Fewer still actually show-up to deliver the value in-person.

Pace was the only one I encountered who showed up live, who is living these deals out every day and consistently finding ways to deliver (increasing) value to his community. The quality of people in his community is exceptional - yes there are world class experts, yes they hustle and are brilliant. But what's most compelling is that he's managed to curate a group of people who also care for each other and care about HOW they conduct business. They're not out to just make money, but take care of homeowners, business owners, partners, etc and their well-being. 

Real estate investing wasn't on my radar - my focus is business acquisition, but once I encountered the Subto community and saw for myself how much they were willing to extend to me for free, I had complete confidence in making the investment.

Peace of mind with such an investment does not come cheap for me... I lost my job in July. I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon. I'm confident in the value that Pace is creating and what the Subto Community is delivering every day.

Hello,

I moved out of my house 5 years ago and have a big chunk of equity sitting in it. I don't want to refinance because cash flow is great on that home and I have the home locked at 4% interest rate with 20yrs left to pay if off. I was thinking of opening a heloc on that home but as far as I understand when opening a heloc my DTI will be reviewed by the lender --- I have an atrocius DTI so I was wondering if there are lenders that offer no doc helocs on investment properties or if there are other options I may not be thinking of?

Thanks,

Vitaliy

Hi everyone! 

I was wondering if I could get some guidance or pointers here. My father and I are looking to get into a venture in real estate, and have been looking at buying and renting properties out of state. We live in California and prices here are a bit too much to comfortably take the risk. We are looking at states like Ohio and Illinois and planning to either do section 8 rentals or just general renting. Is section 8 still a viable option, and if so, what should I be aware of? Other than the fact that you're taking a risk with renters if you don't do your due diligence.

The numbers add up, the property we are looking at is 70k, and would take a 25% down payment of 17.5k. It's 3 bed and 1.5 bath and is fully renovated. The loan may be about 733 a month, and we can hopefully expect a rent of ~1400 a month from section 8. Assuming a property manager charges us 10% of that, that brings us to a total monthly cost of ~900 a month given small repairs and such.

The numbers feel good, but I'm just afraid they feel too good to be true. Has anyone here entered this type of market and can provide some wisdom and knowledge for us? I would greatly appreciate it!

Thank you very much for your rapid response Zachary, yes that is what I though like what is the point on me grabbing this heloc when it will be working as a HEL.... I also though about grabbing the heloc but with that condition I'm not really liking it since I don't get the point of doing that

Good afternoon, I'm currently working with a lender that is offering me a HELOC loan, but he's telling me that once I get approved, they will disburse the entire amount of the Heloc to one of my account and that I should pay back the amount that I won't use (Heloc limit is 100k he wants to deposit everything on my account and then is I only need 40k I'm being told to pay 60k back and not close the account for six months for them to get paid their commission is this a standard practice ?just asking since I'm new on this and I'm really liking the numbers I'm being offered, but this raised some concerns because it it looks kind a weird practice so I antes to get someone's advise.