All Forum Posts by: Derrick Cameron Jenkins

 1) You don't have to be in the military but to get an account you need to know someone who was in the military and has an account with Navy Federal. You'll also need to reference their account number in the application.

2) The process took me about 45 days the first time and I am doing it again now with the same processing time quoted to me.

Navy Federal Credit Union has higher LTV options. 95% for HELOC and 100% Fixed Equity Loans.

I have personally used them and as long as you are being realistic with what your doing with that money it's not too much of an issue taking the leverage.

So I currently have three properties. Two of which are financed through the VA loan at incredible rates. I would really like to refinance these somehow to free up my VA entitlement and house-hack another small multi-family. Is there a way to refinance these into a singular portfolio loan or another way that perhaps I am missing?

Purchasing a property in the San Bernadino mountains.

Will need a retaining wall built to prevent soil erosion.

What sort of costs and planning should I expect with this type of project.

I am currently looking for a commercial real estate agent to help me make a purchase in Georgia. There is not an option on the network tab on Bigger Pockets for a commercial agent. What networks are everyone using to get linked in out of state commercial properties.

Thanks for that input. I am fairly new to the investing game. I have two residential properties and one Aribitraged STR. I was hoping this next investment would be the one that sets me free from my 9-5 giving me enough room to pursue a more fulfilling life, so I am trying my best to make it a win.

I am in the final stages of acquiring a down payment for my next investment. I was initially planning on using the money to purchase a property in Palm Springs for an STR, but with todays announcement of higher inflation bringing us closer to the panic that comes with a recession I am second guessing. My next option would be a medical office building cash flowing less but a safer investment for sure. I know that there isn't anyone who can predict what will happen, but I am curious what the general population is thinking about the immediate to mid term future of the STR market. I also don't believe I have the reserves to weather the recession storm for more than 8 months.

I would honestly stay in the bay area for a while. Assuming you have a job that allows you the affordability to live there, invest from a distance until your passive income is enough to support your California lifestyle, then move else where. If you can afford a comfortable life in California, when you move to a more affordable area you will have more expendable income to put towards building your empire.

 Thanks for the tip! I haven't heard about pricelabs yet and will be exploring that software before making my purchase. I have been running my comps by searching the property on AirDna and then going directly to Airbnb and looking forward in the calendars of properties that are nearby and similar, but that was sort of what I was asking about. I know the property I have linked to AirDna has the future stays considered in the analysis tool, so I was kind of thinking that maybe it took that into consideration when searching entire areas as well.

What is everyones experience with AirDna. I haven't purchased a subscription yet and am utilizing the tools available with a free account. That being said I have put a few properties into the analyzing tool and have been coming up with some numbers that seem almost too good to be true. I am following up by manually checking available properties on Airbnb and it seems to check out. From someone with experience with the software, how accurate would you say the projections are?