All Forum Posts by: Pete Cordero

Hello, 

I was hoping for a little help. I have a condo in CA that luckily has had good appreciation and thus, a good amount of equity built up (say about 200k). It also luckily cash flows about 6k a year. 

I am looking to invest outside CA where numbers for investment rentals make better sense and leveraging the equity would be helpful (like a 1031 exchange). Does anyone have a recommendation on how to analyze whether one should sell a property with decent cash flow but high amount of equity. I realize cash out refi or HELOC are also options.

If there is a good article or recommended analysis to play out scenarios you can share, I'd greatly appreciate it. 

Thanks in advance. 

Hello, I have a rental 3BR, 2 Bath condo in Huntington Beach CA. Looking to remodel the master bath. Any recommendations on contractors in that area? Looking to a do a simple, clean modern look. Nothing super high end or fancy. No need to move plumbing or electrical. Just replacing current tub, fixtures, vanity, etc. 

Thanks

Pete

Gavin and Christine, thanks for info. Very Helpful. 

Colby, its a 2 br, 2 ba, 1235 sq ft for 1525. If interested, check out listing here

Hello, 

I have a condo that is about to be available for rent right in Downtown Murrieta, CA. It has been a while since I have lived in Southern California. 

Any suggestions on good listing site to advertise the rental? I used to use Craigslist, but wondering if there are more effective sites to advertise the property and even collect apps and screen candidates. 

Appreciate any input. 

Pete 

Hello, I'd love some advice out there and a second brain on a question I have been asking myself.

With the current downward trend in rates, I'd would love to refinance my rental property which is a condo currently at 4.5%. It has good equity and my credit is strong. With the current numbers, I could refi for 3.6-3.8% and get rid of PMI. It would be worth it.

Issue is the complex's records show under 50% of units as owner occupied, which has caused rejection from every conventional lender I have approached. 

Any ideas on other lenders or ways to get around this challenge. 

Thanks!

Pete

Hello,

My name is Pete and I am located in San Francisco, CA. I currently own a couple of cash flow focused rental properties in Southern California (where I am from) and a primary residence in San Francisco. All are condos. 

I have a full time gig in education, but interested in looking out for opportunities to continue to build passive income through cash flow real estate investments. I'd like to move towards SFH opportunities and eventually build enough monthly cash flow to where I can retire early and spend more time with family (I have a 10 month little guy). It's a ways off, but looking to build on what I have.

I look forward to learning and gaining knowledge as well as helping out where I can. 

Pete