All Forum Posts by: Angel Gracia

@Christopher Hunter

Thank you for taking time to point me in the right direction. I will definitely use the resources you have suggested.

I'm looking mainly at a property that will provide a decent amount of cash flow.

@Lucas Miller

I appreciate the feedback.

So, the issue I'm running into with regards to knowing a specific market location is that I am in the military and have moved all over the world. I have not had the opportunity to stay in one state for more than 3 years. I am currently residing in Guam. That's why I am trying not to reinvent the wheel and make an educated decision based on someone else's research/experience. I have purchased SFH here, CA, and FL, but have not dabbled into the MFH niche yet.

Location does not matter to me as long as it's a good business decision. My priorities for the property is first cash flow. I never purchase my properties with the thought of appreciation in mind because I don't know what will effect the market and how.

Thank you again for the advice.

As of June 2019, where is the best city/town to invest in inexpensive multi family properties (up to a fourplex) with $30-40k to invest with?

@Shelby Ek what is a house hack?

Hi,

Does anybody have a rental agreement contract in Spanish they can send me?

BP,

Has anyone figured out how a strategy to finding SFH with no mortgages tied to them(paid off)? I am interested in this niche, but don't know where to begin. Is this as simple of having a real estate agent plugging in keywords in an MLS search? Any help would be greatly appreciated.

Angel

Lynn, you mentioned using a HELOC for the investments of your first three properties. Did you own your primary residence free and clear? Did you purchase the rental properties outright? Or did you use that money for a portion of the value and finance the rest? Also, how did that count against your DTI ratio? I have been researching that avenue, but I would hate to be told that I can't refinance/finance the house due to my DTI ratio. Thanks in advance.

@Jerry Padilla@Christopher Morin

I really do appreciate the feedback. I'm just exploring my options. 

So now I have equity in my current house that I reside in and currently have a mortgage on. I was planning on taking out a HELOC and applying that money towards two rental properties. Assuming that I buy in at a price lower than market value my intentions were to refinance with a cash out option to pay off the HELOC. Would the HELOC affect my debt to income ratio? Would there be any other option you suggest to pay off that HELOC or another avenue to take advantage of the equity in my current property to purchase rental property(ies)?

@Jerry Padilla

 Thanks!

 I know this is an old post, but does this still exist?