All Forum Posts by: Sameer Jain

Yes  I will PM it is hold with comps going at 100 k more than the acquisition cost . 

@Ann Rosen I have sent a mail to you with my contact details. Please let me know the details.

@Harjeet Bhatti I am okay to leave some money in the deal. Is it possible to do cash out refinance it less than 6 months?

I am looking for an advice.I am planning to purchase a fixer upper in SFO bay area for $460k SFH. The comps in that area are going at $560K . What would be good strategy on this property.

1) Buy this property at $460 K  with conventional mortgage and spend 25k in rehab before renting this out .

2) Buy this property at $460 K all cash , rehab and rent it out and then get cash out on the property 2 months at appraise value of $560k after the purchase to get the max ROI.

If I go with option 2 is there any lender who can refinance a property 2 month after the purchase?Will the lender take $560 k value of house or $460K? Based on my understanding the lender takes lower of market value and purchase price if you refinance the property before 6 months of purchase ? Please share your feedback.

Hey thanks for responding, yes HOA are in good standing . Higher investor ratio is the reason they are non warrantable at this point. One is worth around $370 k and other at $275 K. Do you also do multi family loans ? What are average rates on these kind of cash out?

Hey I have 2 condo with great positive cash flow in bay area . Both condo are non warrantable . I am looking to cash out from these condo atleast 80% of the value . I want to reinvest the money to expand my portfolio by buying some multifamily properties. Can you suggest any lender who can help with this in california.

can you please send me more details on your programs at [email protected]

How will be QBI calculated for S corporation especially if you have S-cop in line of real estate or consulting ? Please let me know 

Merry Christmas . The new tax is a reality . I wanted to get more understanding on how will be property tax deduction on primary homes in 2018 . Is it capped at$10000 for both single and married ?if you live in high tax state like CA  and pay higher than $10000 in property tax . What are your options to save on taxes  ? 

pls send me details or if you have list    of similar property please send it to [email protected]