All Forum Posts by: Jeff Caravalho

Robert,

Would be a good idea to check with the bank or credit union you will be refinancing with to see if they stick to the delayed financing guidelines, and if they don't go elsewhere?

Hi, I'm looking for an Investor friendly agent in the North Sacramento area. If you invest, even better. I've used my equity line (with my parents equity line) in he past to build a house while working full time (brutal). Now we would like to do the same to invest. I also have an IRA and an HSA and would like to discuss how they could be used to invest in RE. I don't want to be sent to an agents website and forgotten with the occasional market analysis. I want someone who can present deals that have the possibility of cash flow so we can analyze them and determine if they will be a win win for everyone involved. I am a draftsman with over 20 years experience in commercial & residential Architecture. I know architects, engineers, and contractors and will use them if needed. Thx

David,

You said all you pay is $96 quarterly. Is that because you only use the MLS, and did not "hang your license", or show houses and open key boxes like the typical realtor? What about continuing education? Thx.

Hi Guys,  Thanks for you response.  Our plan is to use both of our equity lines to offer cash on a flip or rental & refi out.  He wants to invest like I do, but will only provide funds, so should we approach this like joint venture or partnership, or is there a better way.  I Just want to make sure there are no benefits (tax or other) we could be missing out on by structuring this a different way (So Sergey, yes, I guess this kind of a structural question). How do families pool their assets together to go get deals?  I'm thinking a joint venture with our equity lines might be the way to go . Thx

Thanks guys, appreciate the welcome.

Thanks Marlon,  best of luck too over in Texa!

Hello all, I'm a new member from Sacramento, CA. About 10 years ago my Dad and I put another house on the back of his lot and rented out his old one, it's working great. We combined the equity lines of both of our properties to do this, then refinanced back out with a 30 yr fixed. We are thinking of using our equities again to do some flips before the next crash (just kidding...). I heard someone talking about having his dad become a hard money lender. I was wondering if anyone can give me some insight on using pops as a lender vs using his HELOC (tax benfits or whatever...). The goal is to offer all cash deals. Is there is a better strategy for what we're doing here? Thanks.

Sounds Great!  My 2 cents would be if your not handy, get handy, it'll save you money you need for your next deal, and you'll be better equipped to deal w/ contractors or property managers in the future...good luck!

Hi Tyler,

Thanks for the great input. I've been soaking this sight up like a sponge lately! I agree about the niche part. Are you marketing to FSBO's? Do you farm your local area. I'm really thinking local (Sacramento, Placer), and really becoming an expert on my neighborhood. I also agree with that do more flips in the beginning & doing more holds afterwards is the way to go for me. As far as becoming a RE, I think if you have a close buddy or even family member who is one, you may be able to get what you need from the MLS. But if you don't & are serious about REI, I would recommend getting a RE license.

Thanks again & best of Luck to you. 

Sergey, do guests need to pay the $10 for the meetup?  Thinking about bringing contractor buddy...