All Forum Posts by: Steven Olivas
Steven Olivas has started 4 posts and replied 17 times.
Hi everyone! My wife and I are relocating from California to Tennessee and are looking for a realtor in the Nashville, Chattanooga, or Knoxville areas.
We’re hoping to find a property with land where we can create a small wellness retreat — including a barn-style gym, honey production, chickens, and gardens. Ideally, the property would have:
- Water rights or a reliable water source
- Zoning that allows for agricultural and wellness use
- Existing structures we can repurpose
If anyone here has worked with a great realtor who understands rural or multi-use properties, we’d love a recommendation. Thanks in advance!
Quote from @Drew Sygit:
@Steven Olivas you've posted about "Sentinel Opportunity Fund", "Building the Right Team" and now, "$100k Cash what to do?".
Your scattered approach is going nowhere fast (analysis paralysis) and is highly likely to result in someone taking advantage of you:(
Recommend:
1) Figuring out what investment approach suits your skills & risk tolerance
2) Determining where in the US to apply your chosen approach
3) Learning everything you can about that market
4) Networking & building contacts & team in the market
5) Doing a "test" investment in that market to make sure your expectations are met
6) Investing more if your expectations are met.
-- If not, go back to step #1 as you many have chosen the wrong approach!
DM us if you'd like some 1-on-1 assistance.
Hi, Drew, actually I asked about the Sentinel Fund, for a friend and came on BP to ask professional if its legit or not, and now I put this post to go "fishing" for the right team to build, I do thank you for your concern for not being taken advantage of, but thats what this platform is for, to find, hopefully, a real estate agent, property manager etc. when I say fishing- someone that will take the TIME to ASK the right questions and actually has the experience to prove what they can do, have done and will do for you! I still haven't had the best of luck finding the right piece to the puzzle I'm building, so I thought if I let real estate agents, investors etc, that I do actually have we cash, and a normal job to fund these real estate investment's. I will go into detail more with people actually looking to take the time and effort to help each other out, since it's a win win when you build the right team!
thank you and have a great day
Quote from @Remington Lyman:
Quote from @Chad Verde:
Hi BP,
I have quite a bit of equity sitting in a rental property I own. Gathering different opinions here. What would YOU personally do with about $130k cash to invest in real estate. Just want to hear everybody's thoughts.
I have several properties with over $100,000 in equity. For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates. However, if interest rates continue to decline, I might consider refinancing some of them to improve my liquidity position.
For my commercial properties, I refinance every five years, allowing me to continuously access the equity as long as the cash flow can support the debt service requirements. I hope this helps! Ultimately, it depends on your goals and the opportunities available for investing your wealth.
Ok, what would you do if you had 100k cash? not equity, real cash saved to use towards real estate, what are your recommendations?
Quote from @Nicholas L.:
sorry if this comes off as negative / discouraging but rates are high so this is likely what i call expensive money.
now on the other hand, if you can do a cash out refinance, pull cash out, still cash flow, AND you have a specific opportunity - fine. but it doesn't sound like that from your post.
Ok, what would you do if you had 100k cash? not equity, real cash saved to use towards real estate, what are your recommendations?
Quote from @V.G Jason:
It's not real cash, so I wouldn't seek advice on what to do with it.
Ok, what would you do if you had 100k cash? not equity, real cash saved to use towards real estate, what are your recommendations?
Quote from @Jonathan Greene:
I think you need to reposition how you are talking about this equity. You don't have $130,000 in cash. You have $130,000 in equity that you could use as cash, but then it would a second loan on your house. It's not the same thing.
If you have $130,000 in equity, I would not use any more than $65,000 on a new property and $15,000 of that should be held for reserves so you would have $50,000 for downpayment and closing costs really.
Unless your rental property is new construction, you don't want to max out the equity in case of large repairs coming.
what would you do if you had 100k cash? to equity cash saved to use towards real estate, what are your recommendations?
Quote from @Caleb Brown:
I would flip or BRRR. Either paying all cash or using hard money with plenty of money in reserves. If you are good at saving and have a strong foundation you can be riskier, leverage more.
where would you flip or BRRR? I'm great with savings, and possible have more money to buy, hold, flip or BRRR...with the right advice and guidance
Hi BP Fam,
I am Gathering different opinions here. What would YOU personally do with about $100k cash to invest in real estate & in detail please? Just want to hear everybody's investment thoughts. Cash flow, appreciation and long term holds, is my interest, but I would love to hear some great strategies for what can been done with 100k cash, and also locations (states,cities) to invest?
Quote from @Account Closed:
Hi, welcome! Oh Yes, come check out Ohio a lot of people/ my clients are investing in Ohio and have been for years. Please reach out if you have any questions. Good Luck!
Quote from @Min Zhang:
Hey Steven, welcome to BiggerPockets! If you’re looking for appreciation, Columbus is where it’s at. I’ve seen property values and job opportunities there really take off. Around 80 people move to Columbus every week, so it’s definitely growing. If your budget is more in the $100-$150k range, Cleveland is a solid bet for cash flow. I’ve seen returns between 10-18%, and there’s a lot more to explore. Let me know how I can help!
Thank you for your reply and advice, I appreciate it. How many property’s are you currently invested in, in Ohio? What class properties are you investing in? How many clients have you helped with finding properties that have good cash flow and that have appreciation in value as well? Looking forward to hearing back from you.