All Forum Posts by: James R. Copeland

We are trying to find a house for sale where we can assume a VA Loan, but so far can't figure out where to find them. Anyone have any tips or resources?

At this point, for the right house and loan, we'd move almost anywhere.

We're in a bit of a pickle and have only a couple of months to find a 4-plex somewhere in the lower 48 that will cashflow, that we can then move into later in the year. We bought some properties a few years ago and it seemed like 1%'ers were like shooting fish in a barrel. Combing TX and FL now makes it seem MUCH more difficult. 

Some context, I have a wife and small daughter so we'd rather not live in a rougher area. Am I nuts, or is it really super difficult to find anything that actually cashflows right now that is also move in ready? 

Considering building a fourplex in Orlando with a VA loan. We would live in one unit and rent out the rest. Anyone have experience in building new construction multi-unit in that area? What was the process like? Would consider other nearby towns, doesn't have to be Orlando. Would need to live in a location with a good grade school for my daughter. With markets priced as high as they are, would the rents from 3 units come even close to covering the mortgage there?

So I own some rentals with traditional loans, leveraged somewhere between 50-75% LTV each. Every so often I toy with the idea of paying one or two off, starting with the higher interest loans. Anyone know if, besides making the mortgage go away, would that also impact the Home Owners Insurance payments? Are there any other benefits to having a paid off loan that are lesser known?

A friend is a realtor in Oregon and is in a situation where a seller wants to get rid of a property fast because of a problem tenant the seller doesn't want to deal with. Friend already told them they would probably have to sell well below market value but seller seemed fine with that. Would our friend have any way to do a wholesale deal on the property despite selling off market to an investor (aka wholesale) without breaking any ethical codes? Any advice would be greatly appreciated!

So besides looking for 1-2% rule properties, any tips specifically on geographic locations? Trying to focus on multi units but open to SFH's too if the price/rent makes it worthwhile.

So I'm selling a house in Vancouver for around 560-600k. Many in my family have snubbed their nose at staging, but I've stubbornly insisted on getting staging for the place before photographing and listing it. I'm curious if anyone has done any studies or really gone in depth to study whether or not professional staging has been shown to return more bids and higher bids on their sold houses. Any idea? 

Considering buying portfolios of a few single family rentals on loopnet. The scenario I'm ping ponging in my head at the moment is "What if I take out a loan for this portfolio and decided down the road that I want to sell one of the properties, but not all of them?"

Anyone know how that would work? Would I need to get appraisals and renegotiate the entire loan I assume to pull out the one I want to sell before I'd be able to do so? In layman's terms, is it more difficult than it's worth? 

Thanks very much for the insight! One more question before gearing up to do this:

I'll need to finance whatever I buy in Indy with this 1031, so does that prevent me from buying from a wholesaler? I'm assuming so, but want to make sure. 

So I'm strongly considering selling a rental property in Vancouver, WA where the equity is now over 150k and doing a 1031 exchange to buy property/properties in Indianapolis with no plan to occupy it. I already partnered with some folks down there to buy one place that we rehabbed and rented, but now I'm wondering about whether or not it would be better to 1031 this equity towards multiple single family homes or if I should try to go the commercial route and look at one 5+ unit property in that area.

Already know a good manager, just wanted to get a general consensus from other investors who maybe have dabbled in that market at various scales.