All Forum Posts by: Blake Aaron

...let me know if you have nay other questions, or if I can help in any way!

Hi Robin, 

I would recommend West Coast Escrow and Equity Title in Laguna Beach. I also have a great contact at Ticor Title, but West Coast and Equity work directly together. 

Hi Sarah,

I'm an experienced agent and property owner in Orange County. I think it's great you're learning about investing and on track to get licensed. Let me know if you have any questions on your journey, happy to help if I can!

Hi Anthony,

I'm a realtor based in Laguna Beach, and I own property in South OC. Reach out any time if you have questions.

Welcome!

Private message me and I'll give you a contact in Laguna Beach, does mine and many-a-savvy Realtor's taxes, many of whom have investment props in other states. Not sure about Idaho specifically, but you can inquire.

By the way... my understanding is that regardless of where you will actually dwell within the property, you will need to qualify for the liability of the entire property, meaning you will not be able to use rental income or value to offset your debt/income ratio. Once closed, you can live/rent as you wish. Make sense? Then, after 12 months you can move out and rent out all units and buy your next property.

Hi Charles,

I'm a Realtor in Orange County, and I encourage you to contact a lender I work with often who brokers FHA loans, and she's based in Aliso Viejo. She can help answer those great questions! Marcia Patterson NMLS: 463367. PM me for contact info, as I can't post it here.

Well done, beautiful property!

Looking at terms for my first commercial investment; a portfolio of 3 condo units. I'm wondering if I can get some feedback from more experienced investors regarding proposed terms by the lender.

Purchase price: $150,000 ($230 HOA each)

Terms: 70% loan with a 5% interest rate fixed for 5 years with a 15 year amortization

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For those curious, here's the basic profile of the portfolio:

Each unit is 4bed/1.5bth (rooms often rented individually to maximize value, but units can also be rented as a whole at 30-40% reduced value)

Unit 1: $1,640/mo (fully occupied)

Unit 2: $810/mo (50% occupied)

Unit 3: $0 (currently 0% occupied)

Current gross: $2,450/mo

Max potential: $4,920/mo