All Forum Posts by: Laura Gomez

@Dylan Vargas I’ve been looking at properties but haven’t made the move yet just cause I’m undecided on what money I will use to purchase. And also I should buy sooner than later as right now I have a job and when I relocate I plan on getting more into flipping and I am also getting my real estate license.

The California house I would want to rent out until I move down. The current property I have has an fha loan. Been there for 3 years. I’m looking to do a 5% conventional loan for the California property. I have pretty good credit and also want to get a duplex or something along those lines.

As you can see, I’ve had a lot on my mind and just too much thinking going so I gotta narrow it down like you say.

Thanks again!

@Dylan Vargas hey Dylan! I am actually moving back permanently. All of my family is out there. I’m only here in Vegas working really lol

The only thing is that I’m not sure if to pull the money out now since the equity is there or wait a year or so which is when I plan moving back. Not sure what’ll happen with the market and what not.

@Jaysen Medhurst thanks for the advice Jaysen! Will definitely consider all of these things prior to moving forward.

@Jaysen Medhurst i actually have not And not even sure how to do that.

Right now my mortgage is $760 plus $94 HOA monthly fees. According to Zillow the rental estimate would be $1200 but not sure how accurate that is.

Hi all!

This will be kind of a long post but just looking for some input on what would be best after I expose my plans.

I currently live in Las Vegas and am planning on moving back to California by mid 2021. I own a townhome here that I owe $110k on and have about $80k of equity at the moment. When I move I plan on keeping this townhome and renting out.

Considering that I am going to relocate I am wondering if I should pull that money out to use as a downpayment on a property in California and rent it out in the meantime until I move back down or to just leave that equity alone. I do have “savings” but it’s money I have working for me. I have some invested in flips, some out as loans, some invested for a monthly return.. this money I could use as a downpayment when the time comes to me moving back. Not sure what the best route to take is.

Thanks for reading. I’d appreciate any feedback.

@Chris Salerno Hey Chris! How would I get into that? Not even sure what that is tbh lol

@David Barnett You are correct, it is my primary residence. My current rate is 3.45%, 30 yr fixed. I am Currently in my 3rd year at this residence. I honestly haven't even looked at what the new interest rate would be. Maybe a HELOC would work better? Trying to learn here.. thank you for your response.

Hi all!

I currently own a townhome and have about 50-60k in equity.

Should I refi and cash out or not? I would use the money to purchase something else. Either fix or flip or a property where I would eventually live in.

Thoughts and recommendations are welcome.

Thanks!

Welcome to BP! Nice novel! lol

good luck on your investing endeavors! I as well am new to this whole thing.. looking for the same thing you are..

Hi everyone! I am new to the BP community. Looking for any and all of the help I can get. It would be great to meet with an actual REI in my area (Las Vegas). Any tips and any knowledge anyone would like to share would be greatly appreciated as well. :)