All Forum Posts by: Anurag D.

Hello,

Most Buyer-Representatives I have spoken tend to be not so positive on Fore-CLosed/Pre-Foreclosure properties.

It is not clear what factors act as hold up to look onto Foreclosed properties.

> Can someone share some insights please.

> Please share if you have prior experience in purchasing Foreclosed Home.

(With 20-25% downpayment for investment property).

Best,..

@Steven Nguyen would it please be possible to share the summary, if you have found a lender. Thanks.

@Ankit Garg

> Please check with your GA attorney, and confirm if they would be okay with APPROVED Mobile notary.

From what I understand, approved Mobile notary is soon who is associated and endorsed by a title-company.

> Also check, whether there would be a requirement - Witness to get your signatures endorsed, in presence of mobile-notary.

> If so, please also check whether it’s a requirement for the Witness to be NOT related to you.

Best..

@DJ Dawson Thanks. Fully agreed. If no SFH is identified in SAC, Fresno, Modesto, I would try out-of-state...might be Georgia.

(Lesson learned in TX: Not sure why there was high increase in property-taxes this year, unlike other states).

Thank You Everyone.

> My take: It is not possible to achieve high appreciation AND high-cash flow on a same property.

> My 0.02:

Have two portfolios:

• High appreciating SFH - such as CA.

• Good cash flow properties (Condo/multi-famly) in markets with more reasonable values and HOA.

Best,

A

Hello Everyone,

<Please CONTINUE if you are fully aware of TEXAS PROVISION ‘50a6’ related to Cash-Out Refinance.’

Please share if any bank allows, and willing to offer, Cash-Out refinance on Texas based investment property.

If so, please share:

-> Allowed LTV.

-> if Desktop/Drive-Through appraisal could be confirmed by UnderWriters, before applying.

> Details:

Investment Rental Property.

Fort Worth, Texas.

Single Family Home, ~2012 built.

Price: ~230K

Thank you for your cooperation.

Best,

..

Thanks Timothy for the response.

Besides COVID social distancing recommendations, tenants have new baby arrival.

To honor their privacy, Desktop Appraisal is only option.

> Would Cash-Out refinance be an option, if I only want Desktop Appraisal.

(Please refer to Texas provision 50a6)

> May I PM you to explore future loan opportunities.

• I would be interested to know max LTV allowed for Primary Home for fixed rate Home-Equity loan.
• Location: CA, SFH, Primary Home, Price: ~1.4M

Thanks.

Thanks Everyone.

More assumptions updated, however they should not impact rent-increase or price-increase.

Context: As per recent Realtor-com 2021 forecast,

Sacramento: 7.4% price-growth, whereas,

SanJose-Santa Clara-Sunnyvale: 10.8% price-growth.

Reference: https://www.realtor.com/research/2021-national-housing-forecast/

It is not clear whether Bay Area 1-unit condos will also attain ~10.8% growth, OR condo-prices would go down.

I am in pre-planning phase to narrow down the market, not approached realtor partners yet, as realtors mostly have expertise on local market.

I have prior contacts in relevant markets.

Intent of thread was to have a discussion with folks in like-minded forum. Thanks.

Hello Everyone,

> Option# 1:

Condo/Townhome

Location: California - Bay Area (South/ East(Pleasanton)/ North(San Francisco)/ Oakland)

Price: $400-500K ; HOA: <$400

> Option# 2:

Single Family

Location: California - Sacramento/ Fresno/Stockton (Decent School District 7+), (Tier 2 cities in CA)

Price: $400-500K ; HOA: 0 ; Mello-Roos: ~$350

> Plan: Keep the property for 15+ years.

> Assumption:

• Single Family prices are stable and would rise faster than Condo.
• Bay-Area property price would rise higher than CA-markets (usually).

> QUERY:

It is not possible to determine which option would be a better option:

- in terms of price-appreciation in long-run(10+ years).

- better rent-opportunities.

Please share perspective.

Thank you for your cooperation.

Best…

A

Hello Everyone,

I am currently evaluating whether any bank in US offers ‘Fixed Rate Home Equity Loan’ for Investment Property.

If so, please share:

-> a. Allowed LTV.

-> b. if Desktop/Drive-Through appraisal could be confirmed by UnderWriters, before applying for loan.

> Detail:

Investment Rental Property (Single Family Home)

Location: Fort Worth, Texas.

Price: ~230K

Thank you for your cooperation.

Best,

..A