All Forum Posts by: Ashley Salassi Hunker

I'm still personally bullish on investing in California. I'm looking to buy a STR in Joshua Tree right now. CA appreciation has always been solid and my house has been appreciating at least 10% a year out here and more than doubled in 8 year. If you can I'd recommend house hacking and doing live in flips and just keep buying homes out here in LA and then renting out your homes to traveling nurses or executives.

Robert

@Robert Reynolds I’m moving to LA for a job and I’m new to California market and I am looking to buy my first property and house hacking to get started with RE investing. Would you mind sharing your advice where to get started in California ~ of course within my budget 450k-500k? Any advices would be very grateful.

Just buy an 'uglier' house in a good school district. Actually even in the bad school district, we had so much appreciation but it's just more in a good school district. Buy in December, lower competition. There's software that can tell even which blocks has the highest appreciation per zip code. this is for rehab or buy-and-hold long term.
The inside factor that really makes higher appreciation is good school districts as parents wouldn't need to pay private schools for their kids.

@Carlos Ptriawan Curious which software you like to use for the analysis you referenced in this reply here “There's software that can tell even which blocks has the highest appreciation per zip code. this is for rehab or buy-and-hold long term.”

thanks in advance for the advice!

0 Votes

Los Angeles County, California

Quote from @Amika B.:

Hi Ashley! I can recommend several lenders. One who recently has worked with a senior client of mine in purchasing a second home. Just shoot me a message and I'd be happy to share that information with you!

Thanks Amika!

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Houston, Texas

Quote from @Taj Akinbode:

@Ashley Salassi Hunker The previous comment from is a great contribution. When it comes to lending, assessing the borrower's ability to repay is a crucial aspect of evaluation. I highly recommend initiating a conversation with a mortgage loan officer to gain a better understanding of what can be accomplished considering your friend's unique circumstances.

I am based in the Houston area as well and I'll be happy to connect you with one or two local lenders

Thank you both so much Randall & Taj this is super helpful input. Sounds like just checking with a traditional lender first is the thing to do. This was great, really appreciate it - thanks all!

Taj if you have a moment to share any specific local lenders you’ve had a good experience with, feel free to send my way. Thanks again!

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Houston, Texas

Hi BP!

A friend in retirement in their 70s is considering selling their house in Houston, TX to upgrade to a home perhaps 80% higher price point than their current property. Their funding would be: A regularly received financial gift from a nonprofit at which they volunteer + cash from the sale of current home + savings. What would you recommend are their best financing options?

Thanks!

1 Vote

Houston, Texas

All Forum Posts by: Ashley Salassi Hunker

Ashley Salassi Hunker has started 1 posts and replied 4 times.

Post: Out of State Investing for Californians?

Post: Can you get a mortgage in retirement?

Post: Can you get a mortgage in retirement?

Post: Can you get a mortgage in retirement?