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All Forum Posts by: Ronald Mejia

Ronald Mejia has started 20 posts and replied 37 times.

Post: Tell us how to improve BiggerPockets content!

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

One suggestion is to make a way to organize your Rental Property reports. I analyze tons of properties all over the US and reports seem to be in order of last done. Would be cool if I could organize them alphabetically by state. Would help in finding older reports. Thanks BP!

Post: Researcher needed - part time

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

Hello Jason, I am interested in your position. I currently have a California Real Estate Salesperson license and located in Los Angeles as well. If you are still looking to fill the position please send me a message. Thanks

Post: I start Loan Processor training tomorrow, Any Tips?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

Thanks @Zachary im excited to transition into something more real estate related. Goal is to save up some money and purchase next investment property!

Post: I start Loan Processor training tomorrow, Any Tips?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

I am starting Loan Processor training tomorrow. I was offered the opportunity to do so for free so I took it. Im not sure what to expect (salary expectations or job duties). Any of you have any experience in this field? Thanks BP!

Post: HELOC on investment property? Can it be done?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

@Kyle J. Thank you a bunch! going to get on the phones now and give them a call

Post: HELOC on investment property? Can it be done?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

@Flora Nguyen yes I tried reaching out to chase first (bank who had our mortgage) but they no longer are doing HELOC, unfortunately they couldn't refer me to anyone that would help.

Post: HELOC on investment property? Can it be done?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

@Brian Kantor I'm open to other options. I was saying HELOC because that's the loan product I'm most familiar with for this situation. My goal is to do repairs on the home (driveway, landscaping, minor repairs after tenant moves) & use some of those funds to purchase another investment property. What do you suggest?

Post: HELOC on investment property? Can it be done?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

I am looking around for a lender that will do a HELOC on my investment property but coming up short. The banks i've called so far either does not offer the product of can't do it on investment property. Does anyone have any suggestions? My SFH is currently rented and free of mortgage cash flowing 3k/month before taxes. Im looking to get a HELOC to do some repairs to the home and use portion for down payment on new property. PLEASE HELP BP!

Post: What do lenders looks for in qualifying you?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

@Chad Lanting awesome thank you, how about as far as credit score? What would be considered the threshold for qualifying.

Post: What do lenders looks for in qualifying you?

Ronald Mejia
Pro Member
Posted
  • Real Estate Agent
  • Los Angeles, CA
  • Posts 38
  • Votes 10

@Frank Hinck both