All Forum Posts by: Skyler Heimer

I am from Honolulu, Hawaii where housing prices are crazy expensive just like some parts in CA. I invest in Avon, IN, Moore, OK, and Cordova, TN and all of the rentals are cash flowing nicely.

How do you find properties and execute deals from so far away

0 Votes

Los Angeles County, California

My initial thoughts:

Fire the property manager

Bite the bullet and repair the place ASAP

2 Votes

The government wants people to pull permits for anything. If it's not strucutral, I would say don't worry about it.

Professional consulatants for plans/surveys could take a couple of months to get approved by local jurisdiction. 1 month to make plans/survey and 1 month to get approved by city. - not including revisions

1 Vote

Miami, Florida

Quote from @Hainan Xin:

Realized this post is already a year old but I wanted to piggy back instead of starting a new one since I am looking for similar things - I am from out of town (Boston) and looking for investment property opportunities with non-negative cash flow and good appreciation. Hoping to find a two or three bed single family close to downtown St. Pete. Open to Tampa too. After two years of crazy market, is this still possible to find? If so which area should I focus on? Also, for out of town investors, any good management companies to recommend?

I am actually in St. Pete and Tampa area on Dec 26th and 27th.

Thanks!

were you able to have any luck with this? I'm hoping to invest before the years end

0 Votes

HELOC if possible

0 Votes

Riverside, California

Quote from @Dave Skow:

@Skyler Heimer- fyi - many lenders offer a conventional loan program that only requires a down payment of 3% of the purchase price ...FHA only requires 3.5% of the price ....there is also USDA loans that require 0 down payment for rural properties and if you are a VET - Va loans require 0 down ...just making sure you were aware as these are all worth exploring before dealing with the down payment assistance programs

thank you for the input

0 Votes

Orange County, California

With my apartment lease coming up soon I would like to buy a house. However, with the way housing prices are currently, finding enough money for a down payment has proven to be somewhat of a hurdle. I was wondering if anyone had suggestions that would relate to down payment assistance. From what I can see, using a loan to cover the cost of the down payment can be not the best idea.

I have also been informed about a new California program where CALHFA will give a buyer 10% of the sales price, that can be used for a down payment. If light could be shed on this topic it would be greatly appreciated.

https://www.calhfa.ca.gov/home...

0 Votes

Orange County, California

@Bryant Brislin just sent you an email!

0 Votes

Orange County, California

1 Vote

Hello everyone,

I currently reside in orange county, CA and, similar to most places in California now, the market is high. As someone who currently rents and only sees the market going up, you can imagine how badly I would like to get my first property.

I'm wondering if anyone in the local area, or not, is familiar with any good wholesalers. I regularly check websites like zillow and loopnet however don't have much long finding new listings. An ideal property would be under 600k with more than one unit. However, I would be happy to settle for just a stand alone home.

Any help or input on the manner would be greatly appreciated.

Best,

Skyler

1 Vote

Orange County, California

All Forum Posts by: Skyler Heimer

Skyler Heimer has started 4 posts and replied 20 times.

Post: Out of State Investing for Californians?

Post: Police report for insurance

Post: Question on Construction Permits!?

Post: Tampa, St Petersburg investing

Post: Sale or rent out. Just got promoted and looking for a home in my.

Post: Down Payment Assistance

Post: Down Payment Assistance

Post: Newbie, looking to enter the space

Post: landlords, what major should your kids study?

Post: Newbie, looking to enter the space