All Forum Posts by: Kenny Kuramoto

I kind of think that we've just left a period where finding deals was like shooting fish in a barrel, so giving actionable advice was easy. "Find a deal that cash flows and buy it..."

Now, for me, deals have dried up quite a bit. My actual advice for someone like me (a casual, patient investor that likes his deals to be fish in a barrel as opposed to doing the difficult work of uncovering deals) would be to buy mutual funds, be patient, and wait.

It wouldn't surprise me if it took years for easy deals to be had again, so I'll just be trying to buy low in the stock market until then...

Sorry if that's not what you're hoping to hear! haha. I've been trying to learn to surf, but sometimes it's best for me to hang on the beach and watch the pros instead of making the lifeguards nervous.

Haha I'm from San diego and love to surf. I totally get that last reference! But this is good info thanks. I already realized that it's harder to find deals now a days. I know it's not all gone just harder which I'm still looking to find my first. Thanks for your post hope it helps other people starting out!

1 Vote

Quote from @Brad S.:

I don't necessarily see a difference now as compared to a while ago, but then again, I may not be reading the same posts you are. But, I do see a good amount of helpful. informative responses, along with the self-promotion. Generally though, I'd say many people offer their genuine advice/experience/knowledge, more than just promoting. Some of them you just have to sift through looking for the nuggets.

Yeah. It just to me a newbie in the game sees a different eye. Just a food for thought.

0 Votes

Quote from @Joe Villeneuve:

You're wrong. I haven't seen any of your posts, but I see including this one, it's only 5. That's 5,...and you made the conclusion you just stated? Maybe you need to realize that the answers to only 5 questions isn't going to give you much to work with...especially if the questions are vague to begin with.

This isn't meant as a criticism of you. This is meant as a series of questions to you, as in:

1 - What are you looking for,
2 - How fast are you anticipating being an expert,
3 - Are you willing to accumulate info, and build knowledge,
4 - Will you recognize "it" when you get there?

I'm sorry I'm not trying to offend anyone. Yes I have 5 posts because I've been reading mostly. I don't contribute because I have nothing to contribute YET. The videos have been helping me so much. I know what I want. I want to cash flow with my heloc. And repeat. It's just when people talk about markets I find the people say look at my market and it's cash flowing coc >15%. I tried to reach out tot one but it was not the case. Maybe I'm just being too quick to judge and that's a fault to me. Sorry again!

0 Votes

I've been reading for a few months now on biggerpockets and feel like the beginner posts are starting to be not informative. Lots of people replying with consider my location here or my location is best I can help you. I feel like people are just selling themselves not giving actual advice.. am I wrong for this?

0 Votes

I just started my HELOC from 3rd Federal Bank. at 4.74% with >$50,000 and 5.2% <$50,000. 3rd Fed doesnt have a interest only option though so at $200k(which is the max HELOC you can get) you have to pay a monthly of P&I of $1042. California Coast offered 3.98 first 12 months then to Prime Rate after a year. Navy Fed was at 5.75% but i hear it takes months to close. US Bank was my 2nd option was US Bank which was at 5.7% which will let you lock in rate 2 times.

These rates were given to me last week just incase things have changed.

Hope this helps

2 Votes

Nashville, Tennessee

I'm wondering most places saw a very big increase the past couple years. What markets don't usually have big appreciation?

0 Votes

Just wondering. If the market took a turn for the worse and prices went back to 2016 prices.. which markets would hold their prices the best? California homes?

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I have about 200k heloc available to invest. I want to start investing out of California as it's expensive here. Which option is best in your opinion?

1. Buy one for about 150 and burrr or just one and start with that.

2. Down a property around 50k and buy a property then refinance to pay off the heloc as fast as possible?

I've been looking everywhere GA is where I'm at right now as my coworker had a spot in GA and likes her first property. Thanks everyone ☺️

0 Votes

All Forum Posts by: Kenny Kuramoto

Kenny Kuramoto has started 18 posts and replied 68 times.

Post: Starting to feel Disappointed

Post: Starting to feel Disappointed

Post: Starting to feel Disappointed

Post: Starting to feel Disappointed

Post: Best banks for HELOC

Post: Curious if this went down.

Post: Curious if this went down.

Post: Newbie asking which option is best