All Forum Posts by: Leanna Nixon

Hello! We have a small portfolio of RE assets in both Cleveland and Sandpoint. We are purchasing our next primary in Sandpoint and want to find the best lender with the lowest rate. Can be a convention loan or private lender. We have a lot of history of paying mortgages on time, great credit, etc. 

Thanks, Devin!

I would like to chat. What number can I call you at? 

Hi all, I am doing my first BRRRR. Purchased a 4 plex in Cleveland in August last year and put a good amount of funds into renovations. I'm hoping to do a cash-out refi as soon as possible to take the funds back out. I know most lenders want to see a year of ownership but does anyone know if there are any exceptions here? Hoping to start discussions and see if I can complete the refi sooner than August if possible. Thanks in advance for the help.

Hi! We are hoping to buy a home in Sacramento in and up and coming area that would have good appreciation potential. My understanding is that Tahoe Park, North Oak Park and West Sac may be good options but wondering if anyone has any better insights here. Thanks. 

Thanks Tanner. We just completed an ADU on on property in Idaho. It was a huge learning experience - ran into many issues. Would feel comfortable doing this now that I know what it takes but would definitely be easier to find a place with an existing ADU. Thanks for your feedback.

 Thanks. This is good advice. I am going to wait until end of summer to see where the market it.

Hi all! We are hoping to put 10% down on a ~$500k-$700k house in Sacramento. We want to live there for a year or two and make some upgrades while living there. Also looking for a home that either already has an ADU or a lot big enough to add one. The plan would be to use the ADU as an office for my hubs while we live then then once we move out to rent the ADU and home separately as long or midterm rentals. Does anyone have any experience doing this in Sacramento and if so have any tips for us? Thanks.

Be careful is all I can say. We just converted our 500 sq ft garage into an ADU in Idaho. We chose a bad contractor to work with and ended up costing double what we anticipated and had to go back and re-do a lot of the work that was done as our contractor did not obtain necessary permits from the city. It was a nightmare and took forever to finish. All that said it was a learning experience and where we live we can STR in the tourist/summer months and make close to $5k/month on it. Rest of the year we will do a 9 month lease for $1.2k/month. Not a bad return but also was a huge headache for us and I kind of wish we had used the capital for out of state BRRRS or cash flow deals that would appreciate.

Thank you all for your replies. After doing a little more research I realized it is cheaper to get capital out of my primary residence via a HELOC. I didn't know this was an option before. It is much less expensive from a fee standpoint. I will likely go this route.