All Forum Posts by: Nathan Williams

one thing to keep in mind about Texas is their rules make it extremely hard to leverage the equity of your property (cash out refi or HELOC) as an out of state owner

wow Im surprised you were able to get this kind of info on a HOA as a prospective buyer. Most HOAs I dealt with would provide next to no details.

I agree in not getting too crazy at this point in the market cycle but there is definitely nothing wrong in still investing in the right deals.  And nobody can really time the market anyway.  And IMO anyone betting to hit the jackpot on another "Great Recession" in the next few years will end up being a bit disappointed.  Those market conditions (hyper inflated house values with loans being handed like candy to people who couldnt possibly afford them) do not exist to have that level of magnitude of decline in home values.  

you can house hack at minimum down and then with the rest of your 20% try to get into out of state investing at a lower price point.

if you build up enough revolving credit you can float that kind balance indefinitely by cycling it to another 0% balance transfer offer as the current one expires

you dont need books, seminars, and workshops to start investing.  Keys to out of state investment is a solid agent and property manager.  The agent needs to be willing to run out and give a thorough and honest assessment on a potential property and the surrounding area.  Definitely get a professional home inspection before closing.  The property manager needs to be trust worthy and effective at resolving issues that may arise.
Also as a first timer I think its best to stick with good condition properties so you are not trying to pull off an out of state rehab.

I'd be very cautious trying to bank on home appreciation at this point in the market cycle.  What if you sell and invest in a presumably higher cap rate opportunity elsewhere?  

I'm considering taking a chance on a tenant who has only been at their "Kohls Warehouse" job since beginning of October... everything seems to check out but theres a big concern on what if this job is seasonal or temporary.  Is there any way to verify this?

Thanks 

I wouldnt single out property management as the issue of cash flow.  Some rental investments and even entire markets simply dont cash flow. I had to invest half the country away to get cash flowing properties.

I'm curious if anyone has suggestions on lenders with the most competitive rates/terms for a 85% LTV HELOC. This is on a primary residence in California and 85% will net me a line of credit of just under 100K.

Thanks