All Forum Posts by: Brandon Pearsons

Thanks for the info ????

Hello Im new to investing in SFR's. Only been doing it for a couple years. I was wondering if any longtimers have dealt with any significant decrease in market rents or increased vacancy rates? If so.... What was the reason? And how did you deal with it?

Good points guys 

at the current rate is pays down the principal about $3600 more per year on the ARM.. which will get smaller every 2 years...

Another dilemma

is that I want to make a new place my principal residence soon so I dont want to pay an investor interest rate if I ever have to refi this place 

Currently I live in My principal residence which I plan on turning into a rental within the next year. 

I had a 5/1 ARM that went adjustable 5 years ago. The interested rate has been great! ->Currently the ARM interest rate is 2.8% ( adjustable to up to 2 points every two years. It is based on the libor index) Im loving the principal payment amortization of almost 50%! since I have had the same loan for almost 10 years.

My question is should I refi?????????????????????????????????????????????????

My payment will drop from $875 ( p&I @ 2.8% interest ) per month to $815 ( p&i @ 4.6%)  but my principal payment will drop only 27% since it is a new loan.  

I plan to hold and rent it out for a while! 

What is the smartest move?

a) REFI 

b) Keep riding the ARM for a bit with the low but adjustable interest and paying down the principal pretty substantially

Howdy all,

Here is CA, we have recently see SFH homes go up 20%, 30% 40% with the last 3-4 years.

It is causing some hesitation on taking on new investment opportunities for myself. It is causing regrets and " I should haves" in regards to offering a little bit more to get the deal.

If the numbers work, then the purchase price isn't that important, right????? If it is feasible

All input is appreciated

Thanks Paul. Great info! Will do

Hello All,

I have a couple questions for you all

Question 1

How significant is your gut reaction in a new investment property?

Question 2.

Is there anything wrong with buying SFH rentals properties in a bad neighborhood because they cash flow well? More liablities? If you have a company that fully manages the property does it really matter if the neighborhood is bad or not?

Thanks

RIP RE R.O.C 2009-2011. You will be missed. Now I have to find either an out of state deal or something else to invest in.

I kind of think that if you are not seeing at least 8% return on cash, then you should look elsewhere.

What other sort of investments do you all have besides RE?

@ Ben Wakefield Ya that is a terrible return. People in BP talk about a 1% rule . Its almost impossible to find where the economy is good, but there were the economy is so so its possible but getting very hard to find. I have never landed a 1% ratio but I try to get close a possible.

@ Elizabeth C.

Do you have any referrals to turnkey out of state companies?

@ Ben Wakefield

Its really the house flippers that inflated the prices for everyone. All I am trying to do is buy and hold with something that cash flows decently. It seems it is a rare opportunity if its not in the ghetto. It must take a tone of captial to start in So Cal. What price ranges are you looking at down there?