All Forum Posts by: Char Tovar

Hi Paul, 

Will you please send me the 22 Criteria as well? Thanks!

Char Tovar

@Marc Estepa I am a real estate agent in Gig Harbor, right down the road from JBLM about 15 -20 minutes. I would be glad to help you out. Also a real estate investor, so we could definitely chat about the area and it’s opportunities. Feel free to direct message when you get a chance.

Best,

Char

Thanks @Craig Sloan!

A SFH rental I have had for a while has $100K in equity (Total value $250K). I think I want to trade up and do a 1031 exchange for a Multi-Family property, but not sure if that is a better strategy than just taking the money out through a Cash Out Refi (or a HELOC) to buy another one or two SFHs or MFH. Thoughts?

@Tyler Caglia would you be willing to share the lender's name that loans 100% LTV? That's a great find.

New in Gig Harbor, WA (Seattle) but have a couple of rentals back home in Missouri. Love the power of women shown here, it's amazing, and hoping to connect with a few of you in the area!

Any investing veterans want to get together and discuss the real estate market and look at some properties? Let me know if any of you are game!

@Jacob Sampson what is your average range of acceptability/tolerance for these numbers?

@Josh Buchanan will do and thanks again!

Thanks to all and especially @Jaysen Medhurst and @Josh Buchanan. I have updated the analysis here: https://www.biggerpockets.com/calculators/shared/949329/e5ac275f-6571-4da0-a557-f3a27e03d197

I have added the R&M, Cap Ex and the updated property taxes. I have a property management company (I mentioned this earlier in the thread) who is trying an "innovative' approach to their fees so this is actually correct. Finally, I am hoping to get an owner financing deal so it would be 5%/15% for the down payment on a conventional loan. If you would take another look, please let me know your thoughts. I am a bit concerned that it is now too conservative? But please LMK. Thanks again.

I know it seems low, but I have a SF rental there now and my property management company that charges half the first month's rent and then $50 a month through the lease term. Anything else in the numbers look off? I am most concerned with paying too much for it but can't find any good comps. The duplexes in the area don't seem to turn over very often.