All Forum Posts by: Lynn T.

Hey Antione,

What kind of meetup.

Lynn

Welcome Alex,

I agree with Derek. You invest where return makes sense and rent where it makes sense for you to. I always aim for 1% ratio rent to purchase price (all in). If it does not give me that, I don't buy.

Good luck with your journey. BP is a great place to start.

Lynn 

Hi Dan,

Welcome to BP. I live in this crazy San Francisco market as well. I started investing out of state two years ago and it has been great. You will find lots of resources on BP. Good luck. Feel free to reach out if you have questions,

Lynn

Congratulations! Wonderful story and number.

I would love a recommendation for an insurance agent who works well with investors :)

Thank you. 

Hi Richie,

I am looking for the same. I have property in Marietta that may be a good fit. Would love to connect with you to see if we can combine our efforts.

Thanks

Lynn

Hi Ella,

You are on the right track and on the right website! Welcome to BP. I started a little earlier than you and have learned so much and met so many great networks on BP. I actually got my two deals (one last year and one this year) from networking with wholesaler on the site. 

If you want to connect with me, please dm me. I live in San Francisco and also invest out of state.

Good Luck to you,

Lynn

Hi Ray,

Agreed with @Spencer Hilligoss that you got a nice problem to have! The two ways you mentioned are certainly nice but that depends on your objective.

Quick question for you, if you go refinance route, will the property in the Bay Area still be cash flowing? Most of the homes here will likely not produce a cash flow if you have around 75% of loan on the property (based off of current market value)

I think you have to look at the entire portfolio (or future portfolio) in your case and does that fit your goal as well,

Lynn

 I also agree with Jim's comment. I had to make a decision on the same scenario. Based on my recent research on the interest rate, the difference in 30 years fixed vs. 15 years fixed are still very minimal (under 0.5%) I would say do the 30 years fixed and accelerate the pay down when you can. But this way you are not obligated to pay higher minimum when going with 30 years fixe. 

I also would recommend doing HELOC when you have saved up enough equity on your home. HELOC will allow you to buy some deals (where financing is not an option - and Hardmoney just won't make your number goal).

Sounds wonderful that you start thinking of buy and hold. Best of luck to ya!

Hi 

Can you please send info to [email protected]

Thanks!