All Forum Posts by: Dexter Belleza

Will there be residential/SFH development west of Sloan/SW of Enterprise/spring Valley areas?

If so, when?

Thank you,

Dexter

Hey Brian,

Spring Valley area...relied on realtor for knowledge of area...we also looked at summerlin...henderson 

price point was under our approved loan limit and budget...looking for another condo in LV...looking at other states later for a multi family 

Dexter

is there another email to reply, it is not recognized

Investment Info:

Condo buy & hold investment in Las Vegas.

Purchase price: $165,000
Cash invested: $46,000

1st RE investment, out of state

What made you interested in investing in this type of deal?

starter investment

How did you find this deal and how did you negotiate it?

worked with an area realtor

How did you finance this deal?

finance through Caliber Home Loans

How did you add value to the deal?

updated/fix minor discrepancies when previous tenant moved out (7/21)..able to rent $100 more(old rent $1200)

What was the outcome?

condo has appreciated $20K

Lessons learned? Challenges?

keep communication with property managers
fire away questions if you dont know

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Caliber Home Loans
REPM, LLC
Rose Galanto, RA

missed this event...when is the next meet up...newbie here

@Eric Fernwood

I have just read your informative post. Has anything change since 2017? Positives..Negatives

Working with a realtor to find our first real estate investment property. Hopefully there are still small properties that cash flow.

Aloha,

Dexter

Planning to flip VA loan into a HELOC. Afterwards, rent current home and restore VA loan to purchase another home. Is this possible or am I limited to maximum VA loan limits for Honolulu. Thank you in advance for your answers and help.

I was applying for a refinance for my house and the appraiser suggested I do a after-the-fact permit.  A building contractor helped me with my after-the-fact permit. Because I was on a timeline for the refinance, the BC suggested I pay extra to "rush" the architects plans so it can be submitted to dept of plans & permitting.  He mentioned that it would take few weeks to get the permit approved.  I followed up with the BC after 2 weeks and he says the plans are its still in their queue for review.  I followed again in another 2 weeks for the status and I get the same reply, still in their queue for review.  The initial process for the permit started Jan 2017 and my  permit was issued Apr 2017.  From time to time there are stories in the Hawaii Star-Advertiser of backlogs and not enough people to review the plans.  Hope you have better luck.