All Forum Posts by: Joe G.

@James Park

provide more numbers to help others understand you deal details.  Run numbers.  If the fee/service gives you an advantage, maybe it is worth it.  

@Scott Mac

Scott, I assume this to be a negative comment. Am I correct? "You seem to be seriously trolling with this entire post."

Generate discussion; maybe.  And here I thought most on BP were good people...

@Kris L.@

@Robert Medina

I am new to "poor land management; that does mean the state has permitted residential buildings in high risk areas?  (that's my best guess).   

I became a PENFED member to obtain a HELOC, however after inquiring more they don't do the investment and they also have a limit to the number of properties you can own. I think the agent said 4 properties. The agent told me this is Fannie/Freddie rule, but doesn't sound right to me.

@Jay Hinrichs @Pat L. @Ned J.

Gents...have you heard of any banks NOT lending in certain areas?  

Theory: if banks stop lending, would real estate investment lenders lend?  What are your thoughts this would do to the rental market?  

@Jay Hinrichs

Do you carry flood insurance? I am sure there tons of forums on this....but what is the worst part of it to deal with?

BP!

No matter how you feel on climate change, lenders not providing mortgages in certain areas will impact our industry.  

Fires, floods, the next BIG earthquake...

Your thoughts. How true is this...wait...is it true at all?

https://www.cbsnews.com/news/c...

Consider the seasoning period of conventional lenders. Some investment leaders offer products prior to Fannie's mandatory ownership period.  

@Jeremy Stachura

2 years is plenty of time.  you know the market already. 

Aim to establish contacts to help you (contractor, agent, PM, etc) within next 3 months. search for a home for 3-6 months (that meet your risk level) and close.  That will give you at least one home to start with (experience).  

@Stephen Gracia Jr

Welcome to BP!  Thank you for your service.  Sorry to hear you were injured.  Health is ALWAYS a must, ensure you keep it as long as you can.  

Tell us about your project. 

What kinds of numbers are you using?  

You are starting young, advantage. Stick with it. You also have the VA loan option along with Navy Fed and PenFed options.

Shoot out some questions and let us help you.  

@Randy Shun

How far are you?  Might be worth your time and effort to establish relationships in person.  

I have lived everywhere I invest so no I have not faced this challenge, however some questions for you to consider below:

-comfort level with telephonic calls to local contacts (agents, contractors, etc? 

-knowledge of rental market (by street)

-are you creating a long term team? or just a one time fling?