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Dec 12, 2024
4:09
:36
pm
Katewot
Playmaker
RE: Could a heloc cover it short term? Or is it too much? Just a thought
Maxing out real estate equity across six investment properties. But staying away from primary residence as that’s where my CPA wife draws the line. Which I can respect.
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Katewot
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Katewot
Joined
Oct 13, 2001
Last login
Dec 13, 2024
Total posts
1,400 (26 FO)
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Messages
Author
Time
Private lending/investors question…
Katewot
Dec 12, 3:42pm
Could a heloc cover it short term? Or is it too much? Just a thought
AFewThoughts
Dec 12, 4:02pm
RE: Could a heloc cover it short term? Or is it too much? Just a thought
Katewot
Dec 12, 4:09pm
<< Deleted >>
Katewot
Dec 12, 4:59pm
Seller financing?
Bluforever
Dec 12, 4:26pm
He and I both want to avoid that.
Katewot
Dec 12, 4:59pm
How much are you looking to borrow? What kind of interest rate are you willing to pay? What length of time?
CrimWalCoug
Dec 12, 4:50pm
Want as good as I can get, but…
Katewot
Dec 12, 5:00pm
If you’re going private, 8-9% is super low - more likely to be 12-15%. What would you use as collateral?
CrimWalCoug
Dec 12, 5:03pm
Buyin 30% more of the company...
Katewot
Dec 12, 5:07pm
Likely a tougher sell. Are you willing to do a Personal Guarantee?
CrimWalCoug
Dec 12, 5:26pm
If I had to yes, but personal res is in a trust...
Katewot
Dec 12, 5:33pm
I’ve come upon situations like yours several times. Only times they worked were with Personal Guarantees.
CrimWalCoug
Dec 12, 6:06pm
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