All Forum Posts by: Jesse Kindra

Closing on #4 next month. I think a full-time job is actually a positive for those starting out. For me, I invested significant time/funds for my education and I'm at the point of my career where I am obtaining maximum benefit. So my goal is to use a long term strategy to build passive income by using my current earning power to obtain loans/down payments on a consistent basis over time (almost dollar cost averaging for houses). If bought right (i.e. BRRR) and done consistently over time, this can be fairly straightforward and extremely effective as I've witnessed with others and as I am doing myself.

@Mark Ainley - Thanks Mark. The intent isn't to clog up this great thread or to argue politics. Instead, just to get a sense if there may be an impact on funding for housing vouchers with a change in administration as this could impact the returns with Elite which rely heavily on Section 8 (as I understand from this thread). As I'm used to investing in B neighborhoods, I'm trying to get a better handle on the stability of housing vouchers as a potential investor. Thanks for your input!

@Michael L., @David Fitch - Great threads and posts about Elite. I am also considering the company and posted a question a day or two ago on Michael's thread, I thought I would bring that question here for anyone. Specifically, with the Trump administration coming in, are there any thoughts on how Section 8 vouchers may be affected? I'll add another question, when you visited, how did you feel about the neighborhoods? Thanks.

Great thread! Wonderful information on Section 8 and some of the challenges. I've been looking at Elite as well and this thread has been wonderful to understand how they work.

With the GOP/Trump coming in, does anyone have thoughts on whether the subsidies for housing vouchers would be reduced or cut?

Ruth Bayang I have an old TSP account which I am in the process of moving to a self directed 401(k). It's true that you need to separate from federal service to rollover. However, there is a one time option to rollover a portion and still leave it open. Only a minimal amount is needed to keep the TSP open. So a potential option.

Michael Wang Bob Malecki - I also spoke with Jeff recently about significant assets that I have in an old IRA. I am in the process of working with John Park (who works closely with Jeff) to rollover into a self directed account and so far John had been fantastic - very knowledgeable and super responsive. With respect to Jeff, I spoke with him and I believe he does use Dave's PPR fund which pays out a 12% for accredited investors. As far as the notes, I would be curious as to your research on whether you have found other options or if you have decided to go with Jeff.

@Ryland Taniguchi - Thank you Ryland for your insight! I have enjoyed reading your posts and I appreciate your expertise in the Seattle housing market. I've got a few rentals (BRRRR strategy) in South King County. I've been reading various articles about the real estate cycle and want to make sure I'm prepared. With that said, in your experience, with the last downturn, did rent prices decrease in South King (I'm referring specifically to Fed Way and Maple Valley). From what I hear, as long as tech stays strong, Seattle is a safe market and also if you can buy low enough (1% to 2% rule), that would be the avenue for continuing to acquire real estate. Would you have any other advice or would you simply wait and see where things go after the election and into winter/spring?

As an aside, I've definitely been a stock market guy and have taken significant portion of my portfolio into cash as the market seems to be a bit toppy and I think will react poorly to whoever wins the election (tons of problems with each candidate) and to the eventual increase in rates by the Fed. I may try to shift these funds to other vehicles such as notes. 

Let me clarify that I'm referring to a bank owned home that is purchased using conventional financing (no hml). So, for example, 220k property financed through bank with 20% down and then another 30k out of pocket for rehabbing/repairing and an ARV of 330k. In the past, after6 months, I've refinanced to pull out funds for next purchase. Looking at Helocs, one may be able to pull more out. Hopefully, that makes sense!

So, I've used the BRRRR method on the last two single family rentals I've purchased and the banks go up to 75%. Instead of refinancing, has anyone just obtained a Heloc - I've got a credit union in the Seattle area that will got to 85%. So, easier than a refinance and can get more funds back for the next deal. Has anyone used this approach vs refinancing and any thoughts/concerns?

Hi @Kyle Parks and @Yusef Nadir and @Rob Terpilowski.

I just had a meeting with someone at Veristone and he was speaking very highly of Caliber and the Thursday meetings in Bellevue. Could you guys let me know a little about how those meetings are? Thanks!