All Forum Posts by: Forrest Brown

@Harrison Colunga thanks for the feedback! Definitely considering a HELOC, my mortgage was just purchased so now I need to make new contact with the firm and discuss rates.

@Dan H. Those are great points to stay in the market. Thank you for the feedback!

@Sean Ross That's a gold mine of info. Thank you for this feedback. It sounds like it would be easier (time being the best asset) to just sell and pay taxes up front if my goal is to get a clean break from Cali?

@Zeke Liston @Bradley BuxtonbuWe are heavily considering Boise, ID or Chattanooga, TN and doing multi-family or buying a primary residence and house hacking/ adding an ADU. Thoughts?

@Steve Meyers I appreciate the link with your guy! I'd love to make contact with him and just got an understanding of the viability? 

@Jake Andronico That's a great point, thank you Jake!

Purchased in 2021 and finished rehab January 1 of 2022. The rental market is okay, just very saturated due to the limited supply of homes for sale. I've been told by other investors in San Diego that there will be a correction soon to come and the market is insanely inflated. Also, overall population is decreasing. 

Hey Everyone! Here is the lowdown:

Purchased an investment single family home 2bed/1bath in North Park that was well under market value due to repairs needed and being built in 1928. 

Purchase Price: $585k with a $100k down payment on a 2.7% interest rate. 

Remodel Costs $115k. It was definitely not the most judicious remodel but, a great learning experience. 

Now, we owe about $470k and the zestimate is $760k without the remodel factored in. 

It currently rents out at about a $100 cash flow including expenses. 

I want to buy out of state next but I'm debating if I should sell the home and do a 1031 exchange on another investment property? Or hold and rent as long as possible? Thanks ahead of time!