All Forum Posts by: Junior Soares

@Matt Caputo @Sharon Tseung you guys down to plan a lunch? We are all based in the southbay

@Sharon Tseung Hi Sharon, I'm a stucco subcontractor here in the Bay Area and I invest out of state and I love it! For me, my goal is cash flow so I'm vested primarily in the midwest. I have a property in Brentwood, CA as well as that one will be my equity play since cashflow will never happen here Haha! I currently own 5 units out of state been doing it a year and working on closing another 2 units before the year end. There are still plenty of deals to be had lt all depends on what type of ROI you're looking for. Message me anytime your like. I'd be more than happy to help with any questions. Best, Junior

@Todd Keith good evening Todd, please email me more info if the property is still available. My email is [email protected] Best, Junior

@Katie Jewell Yes ma'am you can definitely finance a rental on a 30 year and not live there. As for the Heloc, a private bank would be best as opposed to a big branch like the wells Fargos and US Banks for example. This is all my personal opinion of course

@Makhwarand Khan Good morning, Start with all of the free avenues. Zillow and their competitor websites, craigslist, Facebook, Instagram etc. You'll be surprised at all of the traction you'll receive this way. If those dont work in your area, then I would look into paid advertisements Hope this helps Best, Junior

@Katie Jewell Good morning Katie, In terms of traditional 30 year fixed mortgages, you can acquire those mortgages on anything 4 units or less. So a single family home, duplex, triplex or 4plex. Anything over will require a commercial loan or other creative ways. You absolutely can pull a HELOC out of one of your investment properties so long as you have enough equity to do so . You're essentially just attaching a line of credit to that particular house. It's a great way to scale your portfolio provided you play the game right and analyze all of your numbers. I hope this helps! Happy Investing! Best, Junior ,

Good morning BP family, My wife and I live in the Bay Area and we are looking to relocate within the next year to the Austin and surrounding areas in Texas. We are looking for a good referral on a real estate agent who is willing to work with us and all of our questions and eventually help us find our new home for us to purchase. I am a contractor here in the Bay Area so ideally we would like a fixer upper. Best, Junior

Good evening BP, I'm looking for an investor friendly lender who can help me with a cash out refinance on one of my properties in Michigan. Currently sitting with 75% equity and looking to pull out to reinvest into another property. Best, Junior

Good afternoon Jason, Caleb had a very good point, I highly recommend owner financing to get you started on top of some sort of side gig. I'm a stucco contractor here in the Bay area and dont make too much money because of 15 employees, however I drive for Lyft a couple hours a day and believe it or not that got my my first rental last November. From my experience from living here in the Bay Area and forced to live 2 hours from my office makes you really think outside of the box. I have no shame driving for Lyft if it will give me a rental a year without using any borrowed money! Then when you have some sort of portfolio and your face and name goes around, you naturally will attract people who will want to work with you. I just closed on a 4 plex last month (my 3rd deal) with none of my own money and 2 investors funded the deal for me. thank you Lyft! Best of luck, Junior

Good evening Jorge, could you please send me more info when you can. rent roll, etc. [email protected] Best, Junior