All Forum Posts by: Jeremy Dube

@Kiyong Kim, yes. We got a house that is now our primary residence in Escondido CA. We are now saving and looking into the future for real rentals. Started saving already.

Looking for free help?

I am trying to put myself in a position to learn the ropes in rehab/flip

What I want: To not just pick up garbage, but to learn the system by helping you run it. I don't mind getting dirty and sweating, so I do want to learn how to do things (paint, fix/repair, replace, ordering, planning/scheduling).

What you get: an intelligent/educated, motivated hard worker that is available on evenings and weekends that wants to learn. A team-mate for future deals. An engineer that is interested in making systems better....

Please let me know what you are working on, and how I can help.

@Brian Garlington, the PM is doing a good job, not worried about that. It's everything else, as should be considered.

Correct, I am no longer in AZ. The attempt when there was to stay in that home for a while, that is why it was not bought as an investment, or I would not be even considering having it.

That is exactly what I am thinking, to re-fi out of the VA loan there. I just started renting it out in May, so not really in a place yet to up the rent (had family in there for a while).

I have a few plans up my sleeve after reading all the recommendations. I will post what I do, when the decision is made.

@John Woodington, looks like about $470 per month. So minus $250 (we are able to suck it up for now) still positive $220, just don't see it until we sell it, I suppose.

@David Wright, I am trying to become one...which is why I am trying to determine if that best course of action at this time is to sell. We aren't overly burdened or anything, just wondering if others have done this (lost monthly) but over all succeeded.

@Dan Bryskin, yes, freeing up the VA Loan will help me get into a multi fam in San Diego, which is normally very hard to do (20% of $700k traditional vs 0% down for the same with VA Loan). That is the goal/reasoning I suppose.

Well, after re-analyzing my rental property in AZ, I am debating selling. I purchased it with a VA loan (I put very little down) as I was planning on living in it for a long time. Anyway, my life situation took me from it.

I am losing about $250/month once considering CapEx/repairs/vacancy savings, prop manager. i have renters in there and house is in good shape but as we all know, something could go down at any time.

loan is at 2.75%, so, I would lose that....which amatorizes quick.

Anyone interested in rationalizing keeping or selling? Should I hold onto and suck up a loss??? If I sold it today, I would not make much equity at all after realtor commissions...maybe a couple grand, so is it worth it, or hold onto it and suck up the losses???

Anything helps.

@Wynton Grant, I was in the middle of a move from HI to CA, where I got a new house (new to me) in Escondido CA. Prices here are good. I am a single father, and househacking with my girlfriend (does that count??). We are doing well, with our new house, but earned some unwanted debt in purchasing it. Once we dump that, we will be looking for other opportunities, so realistically for us, 18 months.

@Leslie Padila,

You can find tons on house hacking on this site. It is basically: you buy a home and live in it, rent out rooms (other units if multi family), and have the renters pay the majority of the mortgage, leaving you with extra $$ compared to the avg market rent for where you live. You use the $$ to rehab house or save for next invest prop, or drink soda and soak in your victory....It can get more complex, but that is the basics.

@Brendan

@Brendan Butler, me too!! Haha, they are moving out, so now I will supposedly make some $.

It was a huge loss for me so far with family in. I know that this isn't the forum for it...

I have a home in Chandler AZ (sub of Phoenix) and have had family in there while I am deployed with military. They need to move out, and I want to put renters in there. I can't do it from 4k miles away so need property management. Anyone have advice on what I should ask the Prop Man company, to know that they are the real deal? What kind of fees can I expect? Need to start looking today!