All Forum Posts by: Alecia Loveless

@Orlando Ortiz I just locked in at 3.5% for a 4 unit non-owner occupied that might be a little high but it’s a small community owned bank that will not sell my loan.

Alecia

@Jessica Stevenson Hi Jessica, I’d definitely be interested in the Facebook group. Also, if you personally as a realtor have any sort of mailing list for your clients, or work with investors I’d love to be included for the future. I’m located in the White Mountains and my investment opportunities are limited locally so I would be open to expanding my portfolio into a wider region if the right properties came available.

Thanks! Alecia

@Miranda Micire Hi. Although I’ve been dabbling in real estate for the past 20 years, I’d gone down to one property in 2019 when I decided that I was ready to get serious about my future and leaving my W-2 job so I decided to get serious about real estate again.

I’d love to network with other like-minded women who are interested in real estate as I live in Northern New Hampshire and the closest meetups are about an hour and a half away. Obviously now they’re Zoom meetings and such but until this week I was working second shift which made the meetings impossible for me to attend.

I’d love to hear what you’re up to with your new business and how you invest or how you’re involved in real estate.

Alecia

@Andrew Bravo I’m in the same position. For my first two properties I’ve used OPM to cash finance the deals and then had off the books mortgages that were handled with my personal guarantee. One has been paid off and the second should be soon. Now I am under contract for a 4-plex and have made the decision to go with my personal bank which is a fairly local bank. They probably have about 20 branches, so it’s not tiny but still not a national chain. I feel confident in this decision as I’ve had accounts with them for 24 years and keep a decent amount of money with them.

I feel that the decision between a small bank and a large one is a personal decision that only you can make but one you must feel comfortable with once you’ve made it. Knowing my bank won’t sell my mortgage but keep it in house was one of the deciding factors that helped make up my mind. Also having the ability to call a person who is vested in the outcome if I ever have a problem was another deciding factor for me.

I hope this helps!

Alecia

@Grace Esteban I give my tenants little gift cards but expect nothing in return. Sometimes they give me something in return for my friendliness and service throughout the year.

@Bud Gaffney My goal for 2021 is to buy the 4-plex I’m currently negotiating for and to add 4 additional doors throughout the year.

@Wayne Brooks Thank you Wayne, you are absolutely right, and this advice from someone with more experience was just what I was looking for!! I will move forward now that I have realized where I was getting caught up, with the realtors actions, not the real estate, and make my decision next week. Thank you again!

@Michael Plante No, I wouldn’t go that high on the property as I’ll never be able to sell it that high unless there’s never another market correction which we know always does happen.

But in hind sight, you’re right I do believe I was letting myself get emotionally involved with the realtor as opposed to the property. Thanks for the insight!

Alecia

@Steve Morris Thanks Steve! Good to know!

@Charlie MacPherson Thank you Charlie! This is good advice to hear and was along the lines of what I was thinking. I do have plenty of cash should I want to go higher than the approved amount, but am taking the time to really consider the deal.