All Forum Posts by: Brandon Ja

Great points Mike. Your mention of staying liquid is extremely important. It was an early consideration of mine but during my brainstorming it got overlooked.  The 150k is what's leftover after 30k/30k put aside for our personal and property emergency accounts. I think I will take your advice and use 75k towards something cash flowing and use the remainder in a more liquid investment in case I come across another option. I think I would rather have options than be tapped out and trapped in with 2 properties.  Thank everyone again I'm new to this site but it is an amazing sounding board and everyone gives such amazing feedback. 

Caleb, Bryan thank both of you for your input.  It was very enlightening.  I will continue to tweak my plans and eventually find a nice niche that fits my investing style.  

Bryan, thanks for the input.  Right now we have enough for a 25% downpayment on 2 $300k properties, and I'm just trying to find the best way to allocate those funds.  My youngest child is still about 5 years from going off to college, so I was looking for a scenario that did not require moving around.  I have read information that states newer homes tend to appreciate faster after they first come onto the market.  As a realtor do you find that statement to be true?  Also, I have read and agree with not looking at appreciation as a sure thing.  While it is not certain, all aspects of investing have risk.  Is there a combination of lending products and tactics you see that can make it possible to refinance after possibly 2 years and get out a large enough portion of funds to use towards the downpayment on another property?

Good morning BP family.  I am fairly new to investing and my wife and I are looking at buying our second property.  We would like to purchase newer homes (currently looking at 2020 and newer).  I understand the cash flow and cash on cash return will be lower, but we are looking at holding these properties for the foreseeable future so, we are expecting to make up for this with appreciation.  The problem I am having trouble solving is will purchasing these types of assets allow us to scale.  I am worried about putting down a large downpayment and having that money stuck in the house for years.  What type of financing strategies will allow us to scale without burning through our downpayment funds on the first 2 purchases?  Is this even feasible or is the BRRRing or fix and flip our primary ways of scaling?  Thanks in advance.

Thanks for the responses.  I will look into both options.

Good day BP team.  Quick question, is there a stock symbol that tracks the daily 30 year fixed mortgage rate?  I would like to plug it into my stock tracker so I can better monitor the changes.  Thanks in advance. 

Greg, thanks for the response.  That makes a lot of sense and answers my question.

Good day my BP family.  It's been a few weeks since I reached out but I am moving into the remodeling phase on my property.  Long story short, I have a 3 bedroom 2 bath single family house in the Virgin Islands.  It has 2 detached structures and one of them includes another half-bathroom.  For the remodel I am thinking of extending the main home (which would make it "L" shaped") to incorporate the detached carport and detached bedroom/bathroom.  My question is, are add-ons considered capital expenditures, making them deductible?  Thanks in advance. 

Josh I find myself essentially in the same situation and I have been thinking about my options. I have 1 SFR that is paid off and my primary is also paid off. Right now I am considering doing a cash our refinance on both to access the equity. This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties. That's what I'm considering but still ironing out the details.

Stuart, thanks for the input.  I don’t think that would be an unpopular opinion.  I beleive there is always a way to improve relationships and often times that involves some give and take.  It seems like a small price to pay for the relationship you are explaining between you and your tenants.  I will definitely factor that into my planning as I move forward.