All Forum Posts by: Deanthony Quarles

@Zeke Liston Hi I’m think of planning a trip to check out Columbus, Oh next month before it gets cold. Thank you

@Jordan Moorhead thank you I will look at the price of multi unit property in south and East Austin. I will contact you if I decide to move forward with Dallas. Thank you for all the insight

@Jordan Moorhead hi Jordan any particular areas of Austin you would recommend? I would want to be in a decent neighborhood. Thank you

@Jon Schwartz thanks for the advice Columbus Ohio seems to have a lot of property in my price range. Just need to do more research.

Hi I’m looking to move out of Southern California and looking to house hack or purchase a home where the market is increasing. I’m looking to rent my home In San Diego. I’m planning my next career move and want to invest while doing it. Any good markets right now for house hacking?

@Chad Lanting Hi Chad thank you for responding. I want to put the large amount down because I wanted a lower mortgage payment since I may be moving without a job. I would not leave my current position until I fully closed on the new property. I planned on still having enough saved for at least 1.5 years of my expenses. For the heloc would I have to disclose that I would be using the funds for a downpayment? If I can’t get heloc then I would more likely to put less down still 20%min. Or I should consider a refinancing option to get cash.

Hi everyone. Let me start off by stating my current situation: my current position at my company is stressful so I’m looking to move to a less expensive city so I can switch careers to something I’m more passionate about. I own a condominium that I have about 35% equity approximately 100k.

I want to rent my place out which will cover the mortgage for sure maybe a small cash flow.

I'm considering a couple of cities to move, one is Las Vegas. In Vegas there are several places for around 285k. I would put 95-100k down to have a mortgage payment of 1k or less. The downpayment would come from a heloc and from savings. I have a decent amount of money in various accounts 401k, Brokerage acct, & IRA.

In which I can access to get the downpayment.

My credit currently is low 700s due to a couple credit cards being near the limit. I had a family member I had to help and I charged everything on my credit card. However, they’re paying me back within this week because their app settlement is final. So I will have no credit card near the limit. Which should be reflected on my credit report the following month.

Ideally I would like to get a heloc for 50k and use 50k of savings to buy new place. If I had a 1k mortgage payment and my current expenses I can pay that from savings / earnings from trading. Until I get a new job/ business. Will need to keep my current job to qualify for refinancing, heloc and to get loan? Which should I do first heloc or refinancing. Do I need to rent my condo before attempting to get new loan?

I see a lot of investor saying they use heloc to but properties. They never mention jobs. Is it just important to show how much money you have and not income. I couldn’t afford all cash but i would be able to show funds to show I can pay both places for a couple of years without going broke.