All Forum Posts by: Brian Lacey
Brian Lacey has started 5 posts and replied 213 times.
Post: HELOC / Paycheck Parking vs. Using $ to Invest

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
@Nathan Frey
I do what you’re thinking of doing.
You should see your equity (available credit) grow paycheck to paycheck. You should be able to use that money however you so choose.
It’s the same purpose as a checking account. It’s liquid cash.
Post: Looking for a recommended HELOC lender for a SFH in Arizona

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
@Chris B.
Firstlienheloc.com
Anthony Rushing is my lender. He’s always done good work for me.
If things don't work out with him, Key Bank would also be good. They're doing 90%LTV on primaries right now.
Post: Help finding a financial investor

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
You could try Fund and Grow.
Post: Using Rooftop Solar Panel Systems to Increase Cash Flow

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
@Taylor Stamm
Scott Adams, Dilbert creator, has some interesting insights into solar & how it actually costs more money to get them in the present than in the future due to the quickly declining costs.
More of a cost of technology issue for something like that.
Same could be said for the solar panel shingles.
Post: Dropping out of High School.

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
@John Moorhouse
School is not about education & smarts.
It’s about toughness.
I have a masters degree.
Am I starter than those that don’t? Of course not.
Am I tougher for earning that masters degree? Yes, I am.
If you quit school, what’s keeping you from quitting the next thing?
Post: Buying in one of the most expensive counties in the northwest

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
Investment Info:
Other other investment in Hailey.
Purchase price: $172,000
Cash invested: $12,000
Live in flip while stationed near Sun Valley, ID
Refinanced to $216,000
What made you interested in investing in this type of deal?
Needed a home for work. The numbers worked.
How did you find this deal and how did you negotiate it?
Realtor, Jay Emmer.
Had 9 people living in it. It’s a 2/1.5 townhouse.
How did you finance this deal?
Traditional financing.
3% down through Quicken Loans
How did you add value to the deal?
Paint, wife provided a lot of labor to the aesthetic appeal on the inside.
What was the outcome?
Closing on a refinance from $172,000 purchase price to $216,000.
Purchased 11/2019
Refinanced 6/2019
Lessons learned? Challenges?
Find a bad property in a great area.
The first step is the hardest.
Live in flips work well if you’re patient & can take the punches without any cash flow from the property for awhile.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jay Emmer - Realtor in Sun Valley, ID
Post: Current real estate trends and for the next 15 years in Europe

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
One of the greatest impacts will be the refugee situation and the ghettoizing (original definition, not common definition) of areas within city centers.
Tough to say what this does to Germany and the UK. EU economics for Spain are the biggest threat to Spain.
What say you?
Post: House Flips hit 10-yr high! What do you think about the market?

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
Market is sensitive.
As Nassim Taleb points out in 'The Black Swan', it'll probably an event that no one could really see coming that really triggers a market reversal. It almost always is.
There are always warning signs and triggers.
Your next question is probably 'What are those warning signs and triggers?'
Quite frankly, the everyday investor is a couple billion dollars shy of having access to that information.
Post: Southern California to Billings Montana? Should we do it?

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
Born and raised in San Diego. Been in Korea the past 4 years, and within 5 years planning to move to Idaho with the family to start a homestead (THE DREAM!!!)
One thing us SoCal folk don't realize is that life is seasonal.
Living through a couple winters in Korea (on par with Montana and that latitude) I embrace staying home in the winter, and allow that time to focus on indoor activities.
You'll grow seasonal too living in Montana. It's a nice change of pace.
Makes you appreciate the spring and summer when you can throw on shorts and sandals again.
Best of luck.
Post: Buying a FSBO when you have a realtor

- Rental Property Investor
- Hailey, ID
- Posts 218
- Votes 143
Originally posted by @Jay Hinrichs:
@Brian Lacey in my line of Work Realtors are the one's who make my year ... you get in with top notch realtors and the deals flow.... we buy maybe 10% of our inventory from wholesalers the rest is from OREO brokers who know us to be the real deal.. you become the real deal by being dog loyal to your brokers .. its a symbiotic relationship.
Good to know that I'm on the same page as you. This is something I learned from Quarles' program.
Always be nice to people who can hurt you by doing nothing.
I know it seems like I'm some kiss ***, but I don't know there's anyone else on this platform that has more knowledge on relational capital and how to leverage it than you.
Always enjoy reading your posts/comments, nothing short of gold.