All Forum Posts by: Steven Olivas

@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.

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.

@Chad Verde

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.

It's not real cash, so I wouldn't seek advice on what to do with it. 

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.

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.

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!

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!

Columbus, Ohio is a great market to consider if you're leaning towards appreciation. I started investing here after moving from Florida. 

I spend all day sourcing deals now and would be happy to connect.

There are multiple billion dollar companies dumping money into the city, such as Intel, Google, and Amazon. And a lot of start-up companies are migrating to this city as well, because of the efficient costs of living, the OSU campus that has thousands of students graduating and looking for jobs locally, and the availability of land.

Everything that’s going on here in Columbus is attracting investors and other businesses from all over. A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.