All Forum Posts by: Lillian Morata

Hey everybody, thought I'd leverage the community brain and see if any investors in the area had any recommendations for local contractors and local hard money lenders.  Also wanted to see if any locals ever used Sun Pacific Mortgage as hard money lenders?  Since it's summer all the contractors I've gotten recommendations for won't accept any more projects so I'm kind of at a loss, and missed out on a deal on a trust sale property because I couldn't even get a contractor to walk through with me!  Sold for 75k under asking, which is ridiculous in the Bay area. Now another opportunity might be in my sights but still need a contractor!

Hi all,

Ok sounds right, and yes with single family homes it would be hard to have a positive or meaningful cash flow.  My strategy at the moment is to use my equity to buy a duplex outright and then refinance, hopefully something without too much work, as I feel like any major rehab would be way out of my league.  I am priced out of the immediate Bay area but am hopeful to find something in Sacramento.

Hi BP, 

New member here just starting my journey. I'm trying to learn as much as possible and already decided my initial financing strategy for my first property will be using the equity in my personal home. My question is, if I'm using a HELOC, should I or should I not include the monthly interest on that HELOC in my analysis of the cash on cash return? And if there are any answers, can you please include why or why not? Also, are there any good recommendations on meetups in the Bay area, specifically the East Bay? Thanks a lot!