All Forum Posts by: Megan Stafford

Hi @michele b. could you please share your lender with me in a private message?? Thanks!

@Michael Myers Glad to find another P Hill resident as well! One of my dogs is the same about being more of a people dog than a dog dog. LOL

Definitely happy to chat whenever we can come up with a good time. I'll PM you in just a bit. :)

I agree with working with an agent only if you're super busy and need the Errors & Omissions Insurance just in case. If you have some time and don't mind doing marketing and showings, you could handle the sale yourself- but that's not for everyone. Do you have accurate P&L statements and a proforma or anything? Have you been self managing? If all of your financials are in order I'd definitely start marketing that right away. What's your reason for selling now btw? Just so you can move? Have you run the numbers and it makes sense to sell? 

Please let me know if I can be of any assistance - Private Message me and I'll send my contact details. 

I have managed a $135m portfolio of investment properties (multifamily, office, retail). I asset managed a mixed use building in Oakland that had 4-5 STR but I promptly turned them into longer term rentals due to the property management company eating most of the profits.

Wishing you good health and wellness!

Hi Michael, I also live in Pleasant Hill and invest in the South but not Texas. Property taxes in Texas are a bit too high for my liking. Still happy to meet up with masks at some point to discuss and let me know if you ever want to switch to investing in Arkansas. I own 9 doors there now and am currently working on 2 flips there. Best of luck!

@Mitch Messer 

Thanks Mitch! I ended up going with Cozy for rental collection since they could do multiple accounts and then I use Stessa for P&L reports and such so I think it worked out nicely! Just would have been nice to have everything streamlined in one platform. 

Is it new that Quickbooks Online charges a 1% up to $10 fee for ACH? Is there a way to avoid this fee for rental payments? I started setting up my portfolio on Quickbooks and now I see a fee for rental payments which seems unnecessary since there is already a monthly fee for having Quickbooks in the first place?? Please advise!

Hi Kevin, Do you mean you can get a 1st mortgage HELOC with your lending company? Because I would love to apply if so!

PenFed Credit Union does this all the time and has a HELOC LTV up to 80% even for out of state owners. This screenshot is directly from their website:

@Daulton H.

@Michael B.

You have both been a load of help! The youtube video explaining charging order protection was very insightful so thank you for that!

@Steven Hamilton II

Your response is very helpful! 

I truly appreciate everyone's comment and time it took to respond. I am humbled by how generous everyone has been with their knowledge! Looks like I have a lot more research to do!