All Forum Posts by: Elias Halvorson

Quote from @Michael Hayes:

Hey BP fam.

Quick question.  I am relaunching a Carrot site and want to invest in some SEO optimization.  I'm thinking of hiring virtually from Upwork, Fiver or Onlinejobs as opposed to some of the bigger SEO companies just because of the price difference.  Just curious what anyone's results have been hiring someone direct from one of the mentioned sites vs the more expensive well known SEO companies.  Figured a lot of the experts on some of these sites probably work for the bigger SEO companies and just doing work on the side anyway.

 My experience is you get what you pay for. I had multiple FIVRR folks do work but a lot of them will create back links on sites with high toxicity scores so it actually ends up hurting you. You’re better off to pay 3-5$ an hour for a virtual assistant doing SEO Fulltime for a month or so. 

Quote from @Austin Cox:

Not under contract and still primary!

 Hey Austin, 

I am a Veteran and VA loan specialist. Little late on this conversation. I am only licensed in WA and HI but am happy to have a conversation, show you the rates you should be getting, etc. Feel free to reach out. I am always happy to help fellow veterans.

What Jeff said. 

Quote from @Brandon Arnett:

Quote from @Greg Scott:

Paying off $100K on a loan of 6.75% is the same as investing $100K in an investment that returns a guaranteed 6.75%. If that is the best return you can get on $100K, then do 

 That only factors in interest and not increase of cash flow... I think there is more math to this than just doing 100k x .0675

Interest saved

Increase in cash flow

What else?

I think you're debating semantics. In general, I would agree with Greg's comment. I don't really like that ROI as high yield savings accounts almost pay 5% these days, surely you could do better than 6.75% 

Dakota, Chris already said it but no lender is going to finance you at 100%. THe best I have seen is up to 89.99% LTV on a second meaning you'd still need to come in with 30K+ closing costs.

 the more competitive rates are  6.9% for 20% down owner occupied, 780 credit score. 7.45 and 1 point for a duplex seems pretty solid. If you think you can do better, shop your rate.

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

For me, when you factor in insurance, the FL market is just not where I want to be. I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

Pay all cash? Where you gonna live braddah, Waianae? As you likely know, the average 3/2 here is $1.1M. I know you have a finance background and to each their own, but leveraging debt is a much faster way. 

Haha I looked on Zillow and saw some apartments  in Kailua for $135,000-$155,000. 

 Eric - Google Hawaii Leasehold properties. 

You’re referring to estates? 

 I’m not seeing any condos/townhomes for under 200k, but this townhome at just under 300k is a leasehold. https://www.redfin.com/HI/Kailua/539-Keolu-Dr-96734/unit-C/h...

 Oh, well I am seeing properties at the price. I’m not looking to lease. Thanks man! 

I think we are talking past each other. My point was You won’t find non-leasehold properties in Kailua for 133-150k. Period. Whatever you’re seeing for that price are Leasehold properties, not fee simple. 

Oh, I get what you’re saying now. If I pass for it with all cash, then it’s fee simple absolute. 

No, that's not what I mean. I'd encourage you to research leasehold properties. Bottomline you're buying the house/condo, but don't own the land. It doesn't matter if you pay all cash or get financing, a leasehold property is a leasehold property. You will have to pay the lease fee monthly as well as the mortgage, any taxes &insurance, as well as HOA/condo dues.

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

For me, when you factor in insurance, the FL market is just not where I want to be. I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

Pay all cash? Where you gonna live braddah, Waianae? As you likely know, the average 3/2 here is $1.1M. I know you have a finance background and to each their own, but leveraging debt is a much faster way. 

Haha I looked on Zillow and saw some apartments  in Kailua for $135,000-$155,000. 

 Eric - Google Hawaii Leasehold properties. 

You’re referring to estates? 

 I’m not seeing any condos/townhomes for under 200k, but this townhome at just under 300k is a leasehold. https://www.redfin.com/HI/Kailua/539-Keolu-Dr-96734/unit-C/h...

 Oh, well I am seeing properties at the price. I’m not looking to lease. Thanks man! 

I think we are talking past each other. My point was You won’t find non-leasehold properties in Kailua for 133-150k. Period. Whatever you’re seeing for that price are Leasehold properties, not fee simple. 

Quote from @Eric Justice:

Quote from @Elias Halvorson:

Quote from @Eric Justice:

Quote from @Elias Halvorson:

For me, when you factor in insurance, the FL market is just not where I want to be. I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

Pay all cash? Where you gonna live braddah, Waianae? As you likely know, the average 3/2 here is $1.1M. I know you have a finance background and to each their own, but leveraging debt is a much faster way. 

Haha I looked on Zillow and saw some apartments  in Kailua for $135,000-$155,000. 

 Eric - Google Hawaii Leasehold properties. 

You’re referring to estates? 

 I’m not seeing any condos/townhomes for under 200k, but this townhome at just under 300k is a leasehold. https://www.redfin.com/HI/Kailua/539-Keolu-Dr-96734/unit-C/h...

Quote from @Eric Justice:

Quote from @Elias Halvorson:

For me, when you factor in insurance, the FL market is just not where I want to be. I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow. 

Pay all cash? Where you gonna live braddah, Waianae? As you likely know, the average 3/2 here is $1.1M. I know you have a finance background and to each their own, but leveraging debt is a much faster way. 

Haha I looked on Zillow and saw some apartments  in Kailua for $135,000-$155,000. 

 Eric - Google Hawaii Leasehold properties.