All Forum Posts by: Anthony San

I am the process of getting a property but I want to see what others think about buying right now. Here is my thinking on buying right now in San Diego, CA.

1. The Marco Economy debt to income ratio tells me that we are on the verge of hyper-inflation. So even if i'm buying at a high I don't expect it to be the high in 5 years.

2. The local economy in San Diego is less affected from market crashes, in comparison to other counties and cities across the US.

3. If I don't buy I will enter a contract to live somewhere that is a minimum 2200 a month for at least a 6 month lease which will cost 13,200 and 26,400 if I end up getting a year lease.

Hello @Will Gaston, I’m trying to get a residential loan. This property is located in Clemson and was purchased for 160,000. I am currently living in the residence but I plan on renting it in a few months. 

Best,

Anthony Sanchez

Does anybody know of any banks in South Carolina that allow a cash out refinance before 6 months? Any names would be amazing, I’m calling around but haven’t found any yet.

I just finished paying for a electricians to install smoke alarms and carbon monoxide alarms to bring my first property up to code but It dawned on me that I could have used battery powered alarms, is either much better than the other?

I just got my first property a month ago and did some renovations, I want to BRRRR but I see everywhere that i have to wait at least 6 months to do so, has anyone heard of any lenders that allow you to refinance before 6 months?

Meant to say it Cost less than 5000 for the purchase price and I think I could get another property for less than 10,000

I have just purchased a home I am living and in the process of renovating. I have done the basics like new LVP flooring and paint, working on getting electrical up to code to rent. But the last major renovation would be the kitchen cabinets (it is likely 70 years and looks it) but it would be around 6500 to get all new cabinets and countertops which I think would significantly increase value of the house. The only problem is I bought the house at the exact appraised price (I know it can have a good cash flow due to the demand of renters in the area) and I'm not sure if the increase would be enough to spend money on trying to BRRRR it or if I should just try to get a new house. For reference it code less than 5000 to get this current house. So the question is do renovate and hopefully pull the money back out or just get a new house already with the cash on hand?