All Forum Posts by: Dorothy Monette

Wouldn't you prefer to lock in your rate on a 30 year? In 12 months, the rate could go higher. I'm doing a 30 year fixed for 5.9% Just a thought. 

I'm in a 1031 exchange. My rental in California is set to close June 7th and the clock starts ticking. I have info on a loan, stated income, 25% down and the rate is 5.75%. Can I do better than that? I'll be buying my first property in a great suburb close to OKC and that will be all cash. It's the 2nd property I will be obtaining a loan. I will be looking in OKC, AZ (which is where I live and I'm a realtor) and other areas if need be. I just want that property to cash flow. Any other ideas other than the places I said? I will spend about $150-$200K on the 2nd property. 

No Issues. My tenants are moving out of my house mid May and my Condo Mid June. 

Well, I gave my notice to vacate to my tenants in California finally. Listing my properties for sale soon and buying in OK. Thinking of Edmond or Yukon. Any thoughts?

Thanks AJ H. I appreciate your thoughts. I was thinking the same thing. There is a particular real estate market I was thinking of reinvesting in. My rental income could be around $4,000 a month and I don't think I can get that in Mutual Funds, if I park my money there while I see what the real estate market does. 

I need to get some ideas and pick some brains on what you all would do if you were in my shoes. I'm putting a couple of my properties on the market and I should clear a little more than $500K. I'm selling my properties for much more than they were worth brand new, the highest I've ever seen the market value. So, in my opinion, the top of the market. (I'm a realtor) I'm thinking if the real estate market tanks, it will probably be in the 4th quarter of this year, at least that's what I'm hearing. I spoke to my tax accountant and in my own personal circumstance I don't need to do a 1031 exchange, so there's no rush to reinvest in real estate. I'm thinking of parking my money in mutual funds until I see what the market does later this year. What would you do? Maybe you all will have an idea I haven't thought of. 

@Alyssa Dyer I haven't listed my properties yet. I will be selling them this summer. 

I'm an investor and a realtor

Thank you to everyone for all the comments. I don't know how to tag people. I tried the @name, but it doesn't work for me. Maybe someone can fill me in? I can't seem to find instructions on how to use this site. 

Wow Rob! Lots of info. Thanks for all the details. I will review and research.