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All Forum Posts by: Ashtynn Baltimore

Ashtynn Baltimore has started 2 posts and replied 4 times.

Facebook Work From Anywhere
I’m sure a lot of you have hear about this but if not, I’m sharing! Thought this would be a great discussion topic. Facebook is allowing a number of new hires and current employees to work from anywhere going forward (more permanently). See link to Reuter’s video  on first line of this post. But where do we think these techies might move to? Seems like a great opportunity for secondary markets. 


Originally posted by @Corby Goade:

We don't know about about the specifics of your financial situation to give you meaningful advice- if you make $500k per year at your day job, it's probably not an issue. It really comes down to your DTI and credit.

Feel free to PM me- I'm always happy to discuss strategy and scaling- anything to help people get their money out of California!

 Thanks @corby goade! I will ping you now with more details. 

Originally posted by @Filipe Pereira:

Hi @Ashtynn Baltimore, I have a few ideas, but they aren't that rosy or appealing I imagine. 

1. Sell the 1.4m property. Sounds like a huge liability instead of an asset.

2. Get a partner that is bankable for property #2.

3. Pay off your debt before getting into another property to lower your DTI.

4. Find another market that you can cashflow in. Your LO said it would be tough to get another mortgage because of your debt - but what were his / her assumptions in the amount of a mortgage you were trying to get? You can get a 5-6 unit building in CT for 300-400K right now - if you put down 100K, that's a 200-300K loan, is that doable for you? 

5. Figure out a way to increase your income. (I know, easier said than done!)

@Filipe Pereira: Thanks so much for the reply! Options 1 and 5 would be off the table for now. I continue to pay down both the home and student loan debt. I think the LO may have taken into consideration the amount of the mortgage I am trying to get but I will check in on that. I would be in a position to put down 100k on a 200-300k loan. Sounds like finding a partner might be the best idea at this point. 

Hello! 
Newbie here. I want to buy a fourplex in California or out of state, however, am afraid that I won’t qualify for financing because last year I bought 1/3 of a $1.4 million property with family. The idea was to rent it out, however, some family members got cold feet on renting it. So, I pay 1/3 of the mortgage. We put 20% down. I also have significant student loan debt from graduate school. 

I’d like to strike out of my own and find a fourplex or higher in or out of state. I’m speaking with the our loan officer, he indicated it will be difficult because the debt load from My first investment in CA isn’t split three ways according to underwriters. I’m evaluated as if I carry the entire debt load by myself. 

Any advice you all could provide on financing options for an additional property would be great! Note: I work full time still. 


Thank you in advance and happy to connect with anyone interested in getting help looking for deals or doing anything else (learning as much as I can!).