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All Forum Posts by: Aalap Sharma

Aalap Sharma has started 5 posts and replied 13 times.

Post: Investigating Nashville, TN for my next rental

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

Thanks for the info everyone! 

Post: Investigating Nashville, TN for my next rental

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

I am from California and would like also get to know about the STR market there and PM services.

Post: Austin Real Estate Agent + Property Manager

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

I am  looking to invest in Austin and need someone who  would  provide complete solution from buying and  property management.

Post: Opportunity Zones Program

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

For a noob like me where can I go and look for these QOF?

What if my existing rental fall under a designated OZ?

Post: Defer Your Taxes Opportunity - Opportunity Zones

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

For a noob like me where can I go and look for these QOF?

What if my existing rental fall under a designated OZ?

Post: HELOC before market crash ?

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

Thanks for your response Garry. That's a bummer! What would have happened if you had the money invested somewhere?

Post: HELOC before market crash ?

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

What happens to HELOC on your primary residence if the market crashes and the property value goes down significantly? Do you still get to keep the home equity line?

I am in the Bay Area and with the rising prices have acquired equity in the home that I live in. Do you think it's a good idea to 

1. Cash out refi and invest in real estate in cheaper markets

2. take a 7 yr ARM (cheaper rate) while doing a cashout refi

Post: 170,000 HELOC, now what?

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3
Originally posted by @Anthony Dooley:

@Kyle Z. The idea is that regardless of your W2 income, you would buy a property that would cover 125% of the debt service after expenses. $170,000 is enough to put 25% down on a $680K property or 30% down on a 600K property. The debt on $600K @ 6% would be about $36,000 per year. So 125% Debt Coverage Ratio (DCR) would be $45,000 per year minimum that your investment needs to produce after expenses. I would look for a 12 unit apartment that would rent for $800 per month per unit. If I lost you somewhere in these numbers, you need to get better educated before you do a deal.

@Anthony Dooley I am super new to all this. I was wondering if someone did put 30% down on a 600k property, 12 unit each rent @800 , The numbers still have to make sense in way that would pay down the HELOC and the mortgage on the 12 unit correct? Even then it would be a long term game right ? What am I missing?

Post: HELOC fixed or adjustable?

Aalap SharmaPosted
  • Investor
  • Fremont, CA
  • Posts 13
  • Votes 3

@Thomas S. If one does what you just said would one have more mortgages on hand ie HELOC + let's say two other mortgage (as in the above eg) ?