All Forum Posts by: Briana Lockman

Hello fellow investors living internationally! My husband and I recently moved to Okinawa, Japan. While I love our new home, I am missing the opportunities and connectivity that comes with being around fellow investors. I wanted to gauge if there is any interest in setting up a REI meet up in Okinawa! Please feel free to reach out if you or someone you know may be interested or if there are any existing groups!

Thank you!

Investment Info:

Single-family residence fix & flip investment in Clovis.

Purchase price: $82,000
Cash invested: $28,000
Sale price: $175,000

We have moved out of and listed our most recent live in flip! We are under currently under contract for $175,000 after putting $28,000 into the property over the last 2 and half years. We loved this property, we are thankful for the time we spent here, grateful for the greatly discounted monthly cost of living and for the ability to capitalize on the primary residence clause.

@Mary Mitchell Thank you!

My wife is currently renovating a SFR for a flip. Over half of our budget has gone towards installing an entire heating and cooling system. We hired a contractor that we’ve used before for a few of our other units but he just seems to have been out of his league on this project and it’s costing us a lot in time, effort and money. He installed the unit with a couple of his crew members around July/August and there have been issues such as the heating unit dripping into the drip pan and overflowing causing a 4x8 whole in one of the finished bedrooms, a drip line placed above our electrical box, an electrician coming out to redo the wiring to the units because it was done incorrectly, and now that it’s cold we haven’t been able to get the heater to work. The contractor didn’t install heat strips so that the heat won’t work if it’s 35 degrees or lower outside and it’s preventing us from finishing painting, staining and tiling at the property because it’s too cold. We confronted him via text and of course no response despite guaranteeing his work. I’ve had another HVAC company come out to bid on the repairs and they’re saying it will be around $2,000 to get the new heating system functioning. We would like to take the initial contractor to court but we just aren’t sure how to start the process, how much we should sue for, and whether or not we should seek the assistance of an attorney. We have photos, contracts, texts and witnesses to supplement our claims. If anyone has any advice regarding contractors and court we would love to hear what ever you have to say! Thank you.

Thanks for the advice!

I currently own a fully paid off SFR that I am looking to take 70-80% of the equity out of to put as a down payment on a new property. Since there is no mortgage, is a cash out refinance better than a HELOC? A fixed rate 30 year seems better than the variable rate HELOC, but having the flexibility to decide on pulling less equity out as I go might be beneficial.