All Forum Posts by: Coleman Cox

@Twana Rasoul

Thanks! I’d love to connect and hear your approach.

Hi All,

I recently moved back to San Diego after about 10 years in the Bay Area of California; happy to be home! I was born and raised in Point Loma so am familiar with San Diego, but am trying to get up to speed on the current investing environment.

What are the areas that make the most sense for cash flow investing? Has anyone been able to make a house-hack strategy work in San Diego? What was the approach and what areas do the numbers tend to pencil? Would love to hear any insights and connect with other investors in the area. Thanks!

@Jaysen Medhurst, do you mind expanding on that a bit? If my LLC were to default on the loan that I'd personally guaranteed, wouldn't the bank be able to come after my personal assets?

Or are you referring to asset protection in a different context.

What are the benefits of purchasing my first property/properties in an LLC if the bank is going to make me personally guarantee the loan anyway?

Appreciate it! 

@jc 

@JC McClainundefined

I'm targeting B+ to C+ neighborhoods. Cash flow will be my number 1 priority, but not willing to go to a war zone to get it.

Suburbs I like so far: Westerville, Dublin, Hilliard

Neighborhoods in the city I like so far: University district, Short North / Italian Village, near Children's Hospital, select areas of North Hilltop

@JC McClain

Hi All,

I'm an out-of-state investor targeting small multi-family and have been surveying Columbus the last few weeks and feel like I have a decent base knowledge of the city and am now looking for references of Agents and PM's. Ideal team member will have experience working with investors and/or is an investor themselves. I'd love to hear any referrals of rockstar team members.

I will be visiting the city in person in early December.

Got it, thanks @Tim Johnson!

Thanks @Tim Johnson, that is very helpful. Two clarifications:

1. Just to confirm, I was referring to the rent I am paying in California for my primary residence. Want to make sure that will not be included as debt in the DTI calc.

3. Rental property taxes and insurance is included as debt or as an offset to income?

Hi All - looking for assistance from lenders on how my back-end DTI ratio will be calculated when looking for financing.

My situation is I'm living in the Bay Area of California and renting due to crazy high prices that don't make sense from a cash flow investing perspective. I'm seriously looking in to buying my first investment property out-of-state, but don't want it to negatively impact my ability to purchase a primary residence in the next 2 years (time period I've heard is required for banks to include your rental property income in the DTI calculation).

I have a few nuanced questions on the calculation:

- Is rent expense included as debt even though not technically debt?

- Is credit card payment included as debt even though I pay off in full every month and it is never true debt?

- Anything else non-standard that might be included as debt?

- Once rental property income is allowed as income for the calculation, is gross rent or NOI included?

- Confirm ~40% is the max back-end DTI ratio lenders are looking for.

Thank you!