All Forum Posts by: Jose Garcia

The values and rents have been flat for many years. I can’t refinance because it’s under water.

I bought this property from a turn key network when I first started. I did not buy it right and did not do my homework, but that’s how we learn. 

I have a rental property in Georgia that i purchased in 2006. It never recovered the downturn and it has a negative cashflow. Balance is around 124K. Value around 110K. Negative cashflow around $350. Should I Deed in Lieu it or walk away from it. 

Thanks Jerry. I will look into it.

Hello,

I have a rental property in Porter Texas I need to refinance to improve my cash flow. I currently have a 7% interest on it and I want to decrease it. The current LTV is around 75%. Any lender recommendations?

Hi all,

I have a rental in Tampa Bay at Wesley Chapel that i need to get rent ready. Looking for handy man that can paint the interior and fix other details. Any suggestions? 

Yes I agree. Property taxes in TX are crazy. I have a couple single family houses in Fort Worth and the Houston area and pay around 4k/year for each. That's how much I pay for my California house. 

Hi Mike, 

Welcome, I am a RE investor in the Covina area. I have also attended the Arcadia meetup several times. Its a great club with many experienced investors there.

Thank you for the feedback everyone.

I am looking into moving to another area and thinking about converting my home into a rental.  Here are some of the details on my primary home:

Value: around 450-470K

Balance: 230K 

Current PITI:$1445/month

Rents in my area: $1800-2300/month

Should I refinance my home, cash out some equity, and use it as a down payment for my new home?

Should I use a HELOC as a down payment for the new home?

Any suggestions on cashflowing SFH or multiunit properties in southern california?